Major projects needed in the second half for annual target to be met.
Vietnam attracted $5.49 billion in FDI in the first six months of the year, equal to 80.2 per cent of the figure in the first half of last year, according the Ministry of Planning and Investment (MPI) and was the lowest figure since 2012.
In the first six months there were 750 new FDI projects granted investment certificates with total registered capital of $3.83 billion, equal to 79 per cent of the number in the first half of last year. There were 280 projects that increased their registered capital, by a total of $1.65 billion, or 83 per cent of last year’s first-half figure.
FDI attraction in Vietnam from 2012 to 2015
Source: VOV, MPI
FDI disbursement, however, was much more positive, with $6.3 billion being disbursed in the first half, an increase of 9 per cent compared to the same period of 2014.
MPI expected annual FDI to reach $23 billion. As the figure in first six months reached only 23.8 per cent of this target, the country will need to attract new projects with extremely large investment over the remainder of the year for the target to be achieved.
- in first six months
- since 2012