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Brighter prospects for FDI
A significant increase in volume of new foreign direct investment (FDI) registered in the country as well as high ratio of FDI disbursement in January are signalling a brighter future for the country's foreign investment picture this year, according to the Foreign Investment Agency under the Ministry of Planning and Investment.
The country attracted $318 million in FDI in January, a yearly rise of 72 percent. Of the total, $285 million came from 40 newly-licensed projects, representing a year-on-year decrease of about 20 percent in the volume of projects, but a 78.2 percent increase in the level of capital, while the rest was from three existing projects, which added $32.9 million in capital.
Meanwhile, disbursements of committed capital also increased by 33 percent to $400 million.
The largest new projects include the Thailand-invested $95 million trade centre; the Hoya Lens Viet Nam's $66 million project and Yakult Viet Nam Co's $25.8 million project.
Foreign-invested businesses generated $2.1 billion in exports during the first month of this year, up 35 percent year-on-year. They recorded an import value of $2.35 billion, a yearly rise of 87.8 percent.
They ranked second after non-State businesses in industrial production value, with a year-on-year increase of 29.1 percent.
"Viet Nam will continue to improve its legal framework, upgrade infrastructure and improve human resources and investment promotion activities to attract $22-25 billion in foreign investment capital by the year's end," said Deputy Head of the agency Bui Quoc Trung.
This year, top priority for FDI attraction would be given to important sectors such as the support industry, construction and personnel development. Other prioritised sectors would include agriculture processing, services and production sectors with high export turnovers, the agency said.
VietNamNet, VietNamNews
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