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Vietnam's FDI attraction down in first two months


08:39, February 27, 2013

HANOI, Feb. 26 (Xinhua) -- Total foreign direct investment (FDI) to Vietnam is estimated to reach 630.3 million U.S. dollars in the first two months of this year, a year-on-year decrease by 61.9 percent, but the country's FDI disbursement during the period rose by 5 percent, hitting 1.05 billion dollars, according to the Ministry of Planning and Investment (MPI) on Tuesday.

During the two-month period, 99 new projects have been granted licenses, with total registered capital of 532 million dollars, down by 53.9 percent, while 31 on-going projects expanded their capital with only 98.3 million dollars, down by 80.3 percent, compared to the same period last year.

Insiders said the newly registered and expanded capital sharply decreased compared to the same period last year because last year there were big projects granted with licenses, including the Bridgestone Vietnam (vehicles' tire making) capitalized at 574 million dollars, Oshima Shipbuilding Vietnam with 180 million dollars, and the Lock&Lock Living Com. Ltd. with 150 million dollars.

Out of 14 areas attracting the most FDI projects and registered capital during the period, manufacturing and processing industries took the lead, with 65 projects and 408.9 million dollars that accounted for 64.9 percent of the country's total FDI capital, followed by the medical and social support with 80 million dollars (12.7 percent) and real estate with 50.2 million dollars (8 percent).

Among 17 localities nationwide having FDI, southern Dong Nai province lured most, with 214.35 million dollars, accounting for 34 percent of the total FDI registered capital, followed by southern Binh Duong province with 134.9 million dollars (21.4 percent), and northern Haiphong city with 118.1 million dollars ( 18.7 percent).

Capital Hanoi ranked fifth with 37.3 million dollars (5.9 percent), and southern Ho Chi Minh City as the fourth with 62 million dollars (9.9 percent), respectively.

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