Prime Minister Nguyen Tan Dung » Economics » FDI disbursements total US$ 8.1 bln

(Economics) - Disbursements of Foreign Direct Investment (FDI) approached US$ 8.1 billion in the first nine months, equivalent to the same period in 2011.

The figure was contained in the Foreign Investment Agency (FDI)’s preliminary report on FDI attraction in the first nine months of 2012.

The report showed FDI-registered capital was US$ 9.53 billion, representing a 27.9% year-on-year decline.

Illustration photo

Illustration photo

The processing and manufacturing industry led others in FDI attraction, drawing in US$ 6.24 billion, accounting for 65.5% of the total FDI.

The real estate sector came in next with US$1.8 billion, making up 19% of the total FDI attraction, while the wholesale and retail sale trade and repairing sector attracted over US$ 400 million.

The southern province of Binh Duong became the most attractive destination for FDI, drawing in US$ 2.16 billion in 74 newly-licensed projects. The northern province of Hai Phong ranked second with US$ 1.1 billion and the southern province of Dong Nai came in third with US$ 991 million.

It was noted that Japanese businesses contributed almost 50% of the total registered FDI capital through 203 new projects worth of US$ 4.68 billion.

Of 775 projects licensed in the first nine months, only one on real estate had an investment exceeding over US$1 billion and 64 others with over US$10 million in value each./.

By Kim Loan (VGP)