In addition, 133 FDI projects registered for capital adjustment with additional investment of USD700 million, a year-on-year fall of 8 percent, according to the Ministry of Planning and Investment’s Foreign Investment Agency. Disbursements were estimated at USD1.7 billion, up over 9.7 percent year-on-year. In the reviewed period, there were 873 deals made by foreign investors to contribute capital to businesses and to buy shares of Vietnamese businesses with total capital of USD1.25 billion, a year-on-year rise of 102 percent. In total, the country attracted FDI worth USD3.34 billion, or 98.2 percent of the figure of the same period last year. Manufacturing-processing attracted the most FDI in the period with USD1.83 billion, accounting for 54.6 percent of the total. Construction ranked second with USD345 million and estate trading was third with USD312 million, accounting for 10.3 percent and 9.3 percent of the total, respectively. Among 60 nations and territories investing in Vietnam in the first two months, the Republic of Korea (RoK) was the biggest investor with USD851.2 million, making up 25.5 percent of the total. It was followed by British Virgin islands with approximately USD450 million and Singapore with USD418 million. Ho Chi Minh city was the top destination for foreign investors, attracting USD1.05 billion, or 31.27 percent, followed by Binh Duong (USD434 million), Ninh Thuan (USD253 million), or 12.98 percent and 7.6 percent respectively. Large projects licensed in January-February included the USD150 million Hanbaram wind-power project in Ninh Thuan province and the USD80 million garment project funded by Ramatex… [Read full story]
Dong Nai attracted more than USD588 million in FDI capital over the past five months of this year with dozens of licensed projects, according to the provincial Department of Planning and Investment. The province licensed 28 new FDI projects during the period with a registered capital of nearly USD248 million with major projects licensed as industrial. In addition, 25 existing projects in the province registered an increased capital of more than USD340 million. Dong Nai's current target is to lure between USD700 million and USD900 million in 2014, reported the provincial Department of Planning and Investment. In the first five…... [read more]
According to officials from the Ministry of Planning and Investment's foreign investment department, Vietnam attracted 120 new projects with registered capital of U$714.6 million in the first quarter of 2004, of which $550 million was realized, registering year-on-year increases of 25 percent and 15 percent, respectively. Significantly, many of the newly licensed projects are of great value. They include a natural mineral exploitation and processing project with total capital of U$147 million in Thai Nguyen, the Lang Son international joint venture capitalized at $38 million, and the $20.54 million Thu Duc Deawon housing development company, the officials said. At present…... [read more]
According to the provincial Department of Planning and Investment, Quang Ninh has so far seen 97 FDI projects in effect, capitalised with over USD4.8 billion. Implemented capital reached USD3.4 billion, or 71% of the total registered capital. Of these projects, 53 were invested by China. Taiwan (China) with a registered capital of more than USD1 billion accounts for 54% of the total projects and over 20% of the total registered capital. In the circumstances of common difficulty across the world economy, attracting FDI capital in Quang Ninh has also been effected. Therefore, new FDI projects licensed in the province from…... [read more]
(VEN) - The Foreign Investment Department said that 980 Foreign Direct Investment (FDI) projects had received investment licenses in the first 11 months of this year, with total registered capital of US$7.25 billion accounting for 60.4 percent of that in the same period last year. In addition, 406 FDI projects had increased their investment capital by US$4.92 billion or by 41.3 percent from a year ago. Old and new FDI projects had registered capital of US$12.18 billion accounting for 78.6 percent of the figure for the comparable period last year. Although new FDI capital accounted for only 60.4 percent of…... [read more]
In total, nearly US$6.7 billion has been disbursed during the first seven months of the year, a 6.4% increase over the same period in 2012, according to a report recently released by the Foreign Investment Agency under the Ministry of Planning and Investment. The four large projects centre on heavy industry and electronics. The Nghi Son Oil Refinery Co., Ltd project expanded its capital by US$2.8 billion, while Samsung Electronics Vietnam began work on a project in Thai Nguyen with a total investment of US$2 billion. The Bus Industrial Center Co., Ltd project has a total investment of US$1 billion,…... [read more]
