Total foreign direct investment (FDI) capital in the first two months ofthe year decreased to 1.23 billion USD, down significantly from thesame period last year, according to preliminary statistics from theGeneral Statistics Office.
During the period, Vietnamlicensed 65 new foreign-invested projects with a total registeredcapital of nearly 911 million USD, down 55 percent over the first twomonths last year. The country also approved another 25 existing projectsto add nearly 320 million USD to its registered capital.
The office said that total FDI capital disbursement in the first two months fell by 9 percent to 1 billion USD.
Manufacturing and processing were the most attractive sectors toforeign investors, with 26 projects bringing in 990 million USD or 80.8percent of the country's total FDI capital in January-February, theoffice reported.
The logistics and retail sectors followedin second place with capital volumes of 180 million USD and 27.1million USD, respectively.
Japan topped the list of 23countries and territories with projects in Vietnam for the first twomonths, with more than 1 billion USD in registered and additionalcapital invested. Taiwan and Singapore ranked second and third,the office said.
The northern port city of Hai Phongwas the most attractive destination to foreign investors as it absorbednearly 606 million USD, followed by the provinces of Khanh Hoa and BinhDuong.
The country this year targeted to attract 15-16billion USD of FDI registered capital and expected that roughly 10-11billion USD will be disbursed.
Do Nhat Hoang, director ofthe Ministry of Planning and Investment's Foreign Investment Agency,said the country will value quality over quantity, considering theeffectiveness of potential projects rather than amount of registeredcapital.
However, experts said, the Government shouldrevise many of the current incentive policies in an effort to meet thetarget figure.-VNA
During the period, Vietnamlicensed 65 new foreign-invested projects with a total registeredcapital of nearly 911 million USD, down 55 percent over the first twomonths last year. The country also approved another 25 existing projectsto add nearly 320 million USD to its registered capital.
The office said that total FDI capital disbursement in the first two months fell by 9 percent to 1 billion USD.
Manufacturing and processing were the most attractive sectors toforeign investors, with 26 projects bringing in 990 million USD or 80.8percent of the country's total FDI capital in January-February, theoffice reported.
The logistics and retail sectors followedin second place with capital volumes of 180 million USD and 27.1million USD, respectively.
Japan topped the list of 23countries and territories with projects in Vietnam for the first twomonths, with more than 1 billion USD in registered and additionalcapital invested. Taiwan and Singapore ranked second and third,the office said.
The northern port city of Hai Phongwas the most attractive destination to foreign investors as it absorbednearly 606 million USD, followed by the provinces of Khanh Hoa and BinhDuong.
The country this year targeted to attract 15-16billion USD of FDI registered capital and expected that roughly 10-11billion USD will be disbursed.
Do Nhat Hoang, director ofthe Ministry of Planning and Investment's Foreign Investment Agency,said the country will value quality over quantity, considering theeffectiveness of potential projects rather than amount of registeredcapital.
However, experts said, the Government shouldrevise many of the current incentive policies in an effort to meet thetarget figure.-VNA
