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FDI inflows climb by 6% in first half
Foreign direct investment (FDI) disbursement in June reached US$900 million, lifting the total figure in the first half of the year to $5.4 billion, up nearly 6 per cent over the same period last year, said the Ministry of Planning and Investment's Foreign Investment Agency.
The country's monthly FDI disbursement from the beginning of the year up until now is estimated to have reached $900 million on average.
Experts said the significant disbursement was useful as it helped the country to offset its trade deficit, estimated to hit $6.7 billion for the first half of the year.
FDI pledges also increased over the same period while capital injection into existing projects fell 19.1 per cent from the same period last year to a combined $8.43 billion.
In June alone, 78 new FDI projects with total registered investment capital of more than $800 million were granted investment licences, raising the total number of FDI projects to 438 with committed investment capital of $7.9 billion, up 43 per cent over the same period last year.
But in the month of June, only 14 projects registered to increase their investment capital. Over the first six months of the year, 121 projects raised their investment capital with an additional amount of $525 million, or 59 per cent in volume and 11 per cent in value of the same period last year.
Production of foreign invested enterprises in the first half of the year also recovered well. Export turnover of foreign enterprises reached $14.6 billion, increasing by 39.5 per cent.
Similarly, import spending by foreign enterprises reached $16.1 billion by the end of June, jumping nearly 49 per cent over the same period last year. This equates to a half-yearly trade surplus of $1 billion for the enterprises
The Ministry of Planning and Investment expects the country's FDI disbursement this year to increase by 10 per cent over last year's figure, to between $10 billion and $11 billion, while FDI pledges are forecast to hit $22-25 billion.
vietnamnews
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