FDI declines sharply in January

Vietnam only attracted US$37.3 million in foreign direct investment (FDI) capital in January 2012, equivalent to 2.5 percent of the figure a year ago.

The Ministry of Planning and Investment reported that it has licensed 25 new projects capitalized at US$29.5 million, and approved 5 operating projects with additional registered capital of US$7.8 million.

The processing and manufacturing sectors topped the FDI list, luring US$26.8 million, followed by the construction sector (US$8.4 million).

In January, among 12 provinces and cities boasting of newly-licensed FDI projects, HCM City attracted the largest amount of US$13 million (making up 44.2 percent of total registered capital), followed by Thanh Hoa, Ha Nam, and Hung Yen. 

France was the largest investor, injecting US$10 million into Vietnam and accounting for 34 percent of total newly registered capital, followed by Japan, the Republic of Korea and Singapore.

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