January sees a slight fall in FDI
08:56, Thứ Tư, 8/2/2012
January sees a slight fall in FDI and this is not worth worrying about, reaffirmed Mr Đỗ Nhất Hoàng, head of the Foreign Investment Department, the Ministry of Planning and Investment. The reason is that the time off for the calendar New Year and the Lunar New Year was so close each other.
In 2012 the FDI attraction plan will focus on the quality of investment capital disbursement and the effectiveness of investment projects. So it is necessary to build and adjust certain mechanisms and policies relating to investment incentives and encouragement.
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According to the statistical figures, in January 2012, about USD 37.3 million as FDI capital was attracted, accounting for 2.5% of that in the same period last year, in which registered capital of 25 licensed investment projects was put at USD 29.5 million, accounting for 33.8% of the number of projects and 2.4% of the sum of capital as against that in 2011; the additional registered capital of the previous year was valued at USD 7.8 million. At the same time, the realized FDI capital in January was estimated at only USD 400 million, a 4.8% reduction against that in same period last year.
In January, foreign investment in Vietnam was concentrated mainly on the processing and manufacturing industries with the registered capital being put at USD 27.1 million, on construction with the registered capital of USD 8.4 million.
Out of 12 provinces and cities that have attracted FDI projects in January 2012, Ho Chi Minh City has occupied the largest registered capital with USD 13 million, accounting for 44.2% of the total newly registered capital; Thanh Hoa province, USD 3.5 million, accounting for 11.9%; Ha Nam province, USD 3.2 million, accounting for 10.9% and Hung Yen province, USD 3 million, accounting for 10.2%.
Out of 11 countries and territories that have invested in Vietnam in January 2012, French investors have occupied the first position with USD 10 million, accounting for 34% of the total newly registered capital. The runners-up is Japan with the registered capital of USD 8.1 million, accounting for 27.4%; South Korea, USD 5.4 million, accounting for 18.4% and Singapore, USD 2 million, accounting for 6.8%.
On the other hand, the largest chemical industrial group of Japan Shin-Etsu will invest about USD 64 million in building a rare earth sorting and recycling plant and a silicon producing plant to be used in producing LED in Vietnam./.