Vietnam's FDI attraction down in first ten months

22:21, October 26, 2010      

Email | Print | Subscribe | Comments | Forum 

Vietnam is expected to attract foreign direct investment (FDI) of 12.79 billion U.S. dollars in the first ten months this year, down 41.9 percent year-on-year, said a report by Vietnam's Ministry of Planning and Investment on Tuesday.

In the first ten months, the registered capital of 759 newly- licensed projects was 11.59 billion U.S dollars, down 19.1 percent in project number and down 28.8 percent in value year-on-year, said the report.

The country is expected to lure 1.2 billion U.S. dollars from 210 existing projects in the first ten months.

FDI disbursement so far this year is expected to reach nine billion U.S. dollars, an increase of 7.1 percent year-on-year, said the report.

FDI capital is believed to be the main factor which helps reduce Vietnam's balance of payment deficit, said the report.

However, the ministry said Vietnam is having difficulty reaching its target of 22 to 25 billion U.S. dollars for FDI attraction this year.

In the first ten months, major foreign investors for Vietnam's FDI projects include the Netherlands, the Republic of Korea and the United States.

The Netherlands topped Vietnam's biggest FDI investors in the first ten months with the registered capital of 2.23 billion U.S dollars.

The Netherlands was followed by the Republic of Korea and the United States with the registered capital of 2.14 and 1.92 billion U.S. dollars respectively.

In 2009, Vietnam saw a big decline of 70 percent year-on-year in FDI attraction to 21.48 billion U.S. dollars. The country disbursed ten billion U.S. dollars of FDI last year, down 13 percent year-on-year, said the ministry.



  • Do you have anything to say?


Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • Chinese Navy soldiers hold an evening party marking the upcoming 62nd National Day aboard Chinese Navy hospital ship "Peace Ark" in the Pacific on Sept. 28, 2011. The Chinese National Day falls on Oct. 1. (Xinhua/Zha Chunming)
  • Photo taken on Sept. 30, 2011 shows the crowd at the plaza of Beijing Railway Station in Beijing, capital of China. The railway transportation witnessed a travel peak with the approach of the seven-day National Day holidays on Friday. (Xinhua)
  • A man wearing high-heel shoes takes part in the 3rd annual Walk a Mile in Her Shoes, an event when men literally walk in women's shoes to raise awareness about ending violence against women, at Yonge-Dundas Square in Toronto, Canada, Sept. 29, 2011. (Xinhua/Zou Zheng)
  • Photo taken on Sept. 29, 2011 shows a cargo ship in danger on the sea near Zhuhai City, south China's Guangdong Province. Cargo ship Fangzhou 6 of Qingzhou of southwest China's Guangxi Zhuang Autonomous Region lost control after water stormed into its cabin due to Typhoon Nesat on the sea near Zhuhai Thursday, leaving 12 crew members in danger. Rescuers rushed to the ship and saved them by using a helicopter. (Xinhua)
  • Actress Gong Li poses for L'Officiel Magazine. (Xinhua Photo)
  • Demonstrators from the Occupy Wall Street campaign hold placards as they march in the financial district of New York September 29, 2011. After hundreds of protesters were denied access to some areas outside the New York Stock Exchange on September 17, demonstrators set up a rag-tag camp three blocks away. Zuccotti Park is a campground festooned with placards and anti-Wall Street slogans. The group is adding complaints of excessive police force against protesters and police treatment of ethnic minorities and Muslims to its grievances list, which includes bank bailouts, foreclosures and high unemployment. (Xinhua/Reuters Photo)
Hot Forum Discussion