FDI investment capital shows increase in 2012

March 17, 2013 | 08:52

(0) user say

Foreign investments touched $16.3 billion in Vietnam last year, including newly registered and additional capital, showing an increase of $3 billion as compared to the provisional data announced earlier.

Samsung mobile phone factory in Bac Ninh province.

Japan remained the biggest investor with $5.6 billion in newly registered and additional capital, accounting for 34.2 per cent of total FDI investment capital in Vietnam in 2012.

Binh Duong Province still attracted the most FDI capital with $2.8 billion, accounting for 17.1 percent. Ha Tinh Province followed with more than $2 billion, or 13.1 per cent. Hanoi and Ho Chi Minh City took third and fourth spots in tandem, with around $1.34 billion.

This year, the country is targeting about $13-14 billion in registered capital, and $10.5-11 billion in implemented FDI capital.

According to the Foreign Investment Agency under the Ministry of Planning and Investment, last year, total newly registered and additional investment capital of Vietnamese companies in foreign countries touched nearly $1.55 billion, accounting for 61.11 per cent of that in 2011.

By December 31 last year, there were 719 projects of Vietnamese companies in foreign countries licensed with a total capital of $29.23 billion, of which, capital of Vietnamese investors reached $12.87 billion. Up to now, Vietnamese investors have brought in about $430 million.

SGGP

What the stars mean:

★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional