Project numbers up but capital down in opening months of 2015.
Newly-registered foreign direct investment (FDI) and additional capital in the first four months totaled $3,722 billion, equal to 76.7 per cent of the figure in the same period last year, according to Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.
As at April 20 there were 448 new projects issued investment certificates with $2.676 billion in registered capital, or 82.9 per cent of last year's figure. There were 167 projects that increased their capital, totaling $1.04 billion, or 64. 3 per cent compared to last year.
"In the first four months, despite an increase in new investment projects of 14.9 per cent and projects with an additional capital of 19.3 per cent year-on-year, both newly-registered and additional capital fell," the FIA report said, pointing to an absence of major large-scale projects.
FDI disbursement, meanwhile, was $4.2 billion, an increase of 5 per cent year-on-year.
Of the 14 foreign investment sectors, processing and manufacturing attracted the most capital, with 207 newly-registered projects and 113 existing projects adding to their capital. The total of newly-registered capital and additional capital in the sector was $2.83 billion, accounting for 76 per cent the total. Real estate came second, with $327 million in newly-registered capital and additional capital, accounting for 8.8 per cent. Wholesale, retail and repair ranked third, attracting 65 new projects with $198.65 million in newly-registered capital and additional capital.
Forty-two countries and territories invested in Vietnam. South Korea led the way, with $908.99 million in newly-registered capital and additional capital, accounting for 24.4 per cent of FDI in Vietnam. Turkey ranked second, with $660 million, accounting for 17.7 per cent. The British Virgin Islands was third, with total capital of $509.6 million, or 13.7 per cent, followed by Japan with $374.3 million, or 10.1 per cent.
Dong Nai attracted the most investment in the first four months, of $916.75 million in newly-registered capital and additional capital, for 24.6 per cent of total. Ho Chi Minh City ranked second with $784.93 million, accounting for 21.1 per cent, then Hai Phong, with $292.11 million, accounting for 7.8 per cent.
The following large FDI projects were issued investment certificates in the first four months:
- Hyosung Vietnam from Turkey, with a $660 million project in Dong Nai producing and processing fiber.
- Worldon Vietnam from the British Virgin Islands, with a $300 million project in Ho Chi Minh City manufacturing luxury clothing.
- The Tra Vinh 1 Wind Power Company from South Korea, with a $120 million project in Tra Vinh province producing wind-generated electricity.
- Vietnam KMW from South Korea, with a $100 million project in Ha Nam province producing telecommunications devices and LED lights.