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Registered FDI down, disbursement still up

Foreign investors registered $1.56 billion by February 23, representing 68 per cent of the figure in the same period last year, according to the Ministry of Planning and Investment’s Foreign Investment Agency.

The investment includes $1.47 billion in 93 newly licenced projects and $86 million of additional capital for 14 existing projects.

The ministry reported FDI disbursement continued to rise. During the period, about $1.15 billion of FDI has been disbursed, posting a year-on-year increase of 4.5 per cent.

Processing and manufacturing industries topped FDI attraction with registered capital of $1.2 billion in the two-month period, followed by construction with $71.7 million and retail and wholesale, $48.8 million.

Ho Chi Minh City led the country in terms of FDI attraction with $1.1 billion, a more than three-fold increase compared to the same period last year ($328.3 million).

According to the chairman of the Ho Chi Minh Municipal People’s Committee Le Hoang Quan, by February 18, 34 foreign-invested projects were granted licences, including a $1 billion solar cell plant in Cu Chi district, while 13 valid projects were permitted to raise capital.

The economic hub was followed by Danang city with $180 million of FDI attraction, Ba Ria-Vung Tau province, $81.4 million and Dong Nai province, $47.2 million.

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