Vietnam attracted US$5.509 billion in five months

10:10 | 02/06/2014 Economy

(VEN) - Vietnam attracted an additional US$5.509 billion in foreign direct investment (FDI) in the first five months of 2014, 65.7 percent of that in the same period last year. About US$4.6 billion in FDI was already invested in this period, up 0.4 percent from the same time in 2013.

The processing and manufacturing industry attracted US$3.92 billion in FDI in the first five months of 2014

Specifically, in the first five months of this year, Vietnam attracted 500 new FDI projects totaling US$3.669 billion in registered capital (83 percent of that in the same time in 2013) and saw 167 other FDI projects increasing registered capital by US$1.84 billion (46.4 percent of that in the same period of last year). Although both newly registered and increased capital decreased compared to the same period of 2013 the Ministry of Planning and Investment predicted that FDI in the country would likely surge in the last months of this year.

The three biggest FDI attractors in the first five months of 2014 included the processing and manufacturing industry that attracted an additional US$3.92 billion (accounting for 71.2 percent of the total), the construction sector that attracted an additional US$463.17 million (accounting for 8.4 percent of the total) and the real estate business sector that attracted an additional US$399.33 million (accounting for 7.2 percent of the total).

There were 38 countries and territories investing in Vietnam in the first five months of this year. The Republic of Korea (RoK) was the biggest foreign investor in the country with US$1.31 billion in newly registered and increased capital, accounting for 24 percent of the total, followed by Hong Kong, China with US$629.9 million (11.4 percent), Japan with US$588.6 million (10.7 percent) and Singapore with US$513.4 million (9.3 percent).

Binh Duong Province was the biggest FDI attractor with US$813.59 million in newly registered and increased capital (accounting for 14.8 percent of the total), followed by Ho Chi Minh City with US$775.62 million (14.1 percent), Dong Nai Province with US$579.74 million, Quang Ninh Province with US$569.8 million, Tay Ninh Province with US$349.9 million and Hai Duong Province with US$351 million.

The FDI sector exported goods (including crude oil) worth an estimated US$39.45 billion in the first five months of this year, up 17.1 percent from the same period in 2013 and accounting for 67 percent of the country’s total. Excluding crude oil, the sector’s export revenue was US$36.39 billion, up 18.6 percent from the same period of 2013. The sector’s imports came to US$32.55 billion in the first five months of 2014, up 11.4 percent from the same period of 2013 and accounting for 57 percent of the country’s total. In other words, the FDI sector exported US$4.46 billion more than it imported in the first five months of this year./.

By Nguyen Hoa

Theo ven.vn