FDI commitment down 16 per cent on-year in November

November 25, 2011 | 16:00

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Vietnam’s foreign direct investment commitments reached $12.6 billion at the end of November, down 16 per cent year-on-year.

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Fifty-eight new projects were committed and 60 existing projects registered for expansion this month, raising total committed projects from January to November to 1,243.

Industrial manufacturing sector continues the most attractive to foreign investment with 49.1 per cent of total capital. The energy, water and gas supply sector and construction sectors follow.

The figures mean Vietnam will not reach is target of attracting $18 billion in registered capital this year.

Whilst commitment capital is slipping, the disbursed capital remains positive. In November, foreign investors pumped $950 million into Vietnam, raising total disbursement of foreign direct investment up $10.05 billion.

Export turnover of foreign manufacturers till the end of November was $42.63 billion, rising 39 per cent against the same period last year.

By Ngoc Linh

vir.com.vn

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