According to statistics from the Foreign Investment Department under the Ministry of Planning and Investment, the country’s FDI attraction in the first half of the year saw decrease in registered capital and increase in disbursed capital. Binh Duong continued emerging as a bright spot about the country’s FDI attraction.
FDI disbursement up
In the first half of the year, FDI projects of the Southern region disbursed US$5.4bln, a year-on-year increase of 1.9%.
Production activities at a FDI factory in Binh DuongThe whole country also granted investment licenses to 452
FDI projects with a total registered capital of US$4.76bln or 75.4% compared to
the corresponding period last year and permitted 123 others to increase their
capital by US$1.62bln or 64.5% compared to the corresponding period last year.
Thus, the whole country during the period absorbed VND6.38bln in FDI capital.
The processing and manufacturing industries took the lead in FDI attraction with 193 new FDI projects and 95 extra-ones with US$4.02bln, followed by real estate with US$1.57bln; retail sales and repairing with US$207.7mln.
Japan remained Vietnam 's largest source of foreign investment with US$4.15mln, contributing 65.1% of the nation's total FDI.
It was followed by British Virgin Islands with US$484mln or 7.6% of total; South Korea with US$480.8mln or 7.5% of total.
Southeastern region took the lead in FDI attraction with US$3.46bln or 54.2% of the nation’s total FDI, followed by the Red River Delta region with US$2.2bln or 35.5% of total.
It is expected that the Southern region’s FDI capital disbursement will gain US$11bln. FDI attraction will give priority to clean technology projects and those with supportive industries... Thus, according to the Foreign Investment Department, this year’s registered capital will achieve US$15bln, a low level if compared to that of 2011.
7 months and US$2.3bln
The southern province of Binh Duong has so far continued taking lead in FDI attraction and accounted for more than 28% of the nation’s FDI capital.
In July alone, the province absorbed 69 new FDI projects and extra-ones capitalized at US$2.3bln and 6 domestic investment projects capitalized at more than VND4.07bln (equivalent to US$196mln).
Tran Thanh Liem, vice-chairman of provincial People’s Committee said that Binh Duong has over time emerged as a flexible locality in FDI attraction.
To achieve the above result, Binh Duong has always attached special importance to socio-technical infrastructure development; human resource training and administrative procedure reform.
To date, the whole province has drawn more than 2,100 FDI projects capitalized at more than US$17bln and more than 12,800 domestic investment projects worth nearly VND98.9trillion (equivalent to US$4.8bln). These figures have contributed to promoting socio-economic development of Binh Duong in particular and the whole country in general.
Reported by Trung Dong-Translated by K.T
