Foreign Direct Investment (FDI) disbursement during the first fivemonths of this year is slightly lower than the same period last year,according to the Ministry of Planning and Investment's ForeignInvestment Agency (FIA).
Disbursement reached 4.51billion USD during the period, or 99.8 percent of last year'scorresponding period figure. New FDI registered across the countrydropped by 25.3 percent year-on-year, falling to 4.12 billion USD, theFIA said.
Added capital in existing projects alsoslumped. In five months, 82 projects registered to increase theircapital by a total of 1.2 billion USD, a decrease of 47.5 percentagainst last year's corresponding period.
The country attracted a total FDI of 5.32 billion USD during the period, a 32 percent reduction from last year.
Among the largest projects are the Japan-invested Tokyu Binh Duongurban area worth 1.2 billion USD, a tyre manufacturing plant worth 575million USD and a 300-million USD yarn production plant in northernQuang Ninh province.
The processing and manufacturingindustry took the lead in terms of investment capital, gobbling up 3.3billion USD or 62.3 percent of total national FDI.
Realestate came second, attracting 1.57 billion USD or accounting for 29.6percent of the total FDI while the transport and storage sectorsattracted the third largest portion of FDI at 182 million USD.
The southern province of Binh Duong continued to be a favouritelocation for foreign investors, drawing 1.6 billion USD or 30 percent oftotal FDI registered in the country over the period.
Itwas followed by the northern port city of Hai Phong with 928.8 millionUSD, and southern Dong Nai province with 698 million USD.
During the January-May period, Japan remained the country's leadingsource of foreign investment, pumping 3.68 billion USD into the country,followed by the British Virgin Islands, which invested 441 million USDand Hong Kong with 400 million USD in investments.
Earlier, FIA director Do Nhat Hoang urged sectors to call forenvironmentally-friendly projects that utilise modern technology and aimto raise the competitiveness of domestic products while helping thecountry expand its presence in the global production network and valuechain.
He highlighted fields such as technology, mechanics, communications, pharmaceuticals, biology and clean energy.
Hoang suggested that changes be made to regulations and policiesgoverning investment and business, land management and environmentalprotection in addition to FDI promotion.-VNA
Disbursement reached 4.51billion USD during the period, or 99.8 percent of last year'scorresponding period figure. New FDI registered across the countrydropped by 25.3 percent year-on-year, falling to 4.12 billion USD, theFIA said.
Added capital in existing projects alsoslumped. In five months, 82 projects registered to increase theircapital by a total of 1.2 billion USD, a decrease of 47.5 percentagainst last year's corresponding period.
The country attracted a total FDI of 5.32 billion USD during the period, a 32 percent reduction from last year.
Among the largest projects are the Japan-invested Tokyu Binh Duongurban area worth 1.2 billion USD, a tyre manufacturing plant worth 575million USD and a 300-million USD yarn production plant in northernQuang Ninh province.
The processing and manufacturingindustry took the lead in terms of investment capital, gobbling up 3.3billion USD or 62.3 percent of total national FDI.
Realestate came second, attracting 1.57 billion USD or accounting for 29.6percent of the total FDI while the transport and storage sectorsattracted the third largest portion of FDI at 182 million USD.
The southern province of Binh Duong continued to be a favouritelocation for foreign investors, drawing 1.6 billion USD or 30 percent oftotal FDI registered in the country over the period.
Itwas followed by the northern port city of Hai Phong with 928.8 millionUSD, and southern Dong Nai province with 698 million USD.
During the January-May period, Japan remained the country's leadingsource of foreign investment, pumping 3.68 billion USD into the country,followed by the British Virgin Islands, which invested 441 million USDand Hong Kong with 400 million USD in investments.
Earlier, FIA director Do Nhat Hoang urged sectors to call forenvironmentally-friendly projects that utilise modern technology and aimto raise the competitiveness of domestic products while helping thecountry expand its presence in the global production network and valuechain.
He highlighted fields such as technology, mechanics, communications, pharmaceuticals, biology and clean energy.
Hoang suggested that changes be made to regulations and policiesgoverning investment and business, land management and environmentalprotection in addition to FDI promotion.-VNA
