Foreign investors have so far this year poured 21.6 billion USD in Vietnam, a year-on-year increase of 54.5 percent.
As many as 1,275 new projects have been licensed with a totalregistered capital of 14.3 billion USD, while 472 projects added 7.3billion USD to their existing capital, a year-on-year increases of 70.5percent and 30.8 percent, respectively.
According tothe Ministry of Planning and Investment (MPI), an estimated 11.5billion USD from the FDI projects has been disbursed in the period, up9.9 percent over the same period last year.
Thegrowth is attributed to efforts by the Government, ministries andlocalities in improving the business environment and simplifyingadministrative procedures to attract more foreign investors, said DoNhat Hoang, head of the Foreign Investment Department under the MPI.
It also shows that Vietnam remains an attractive and potential destination for foreign investors.
The presence of large projects, especially those worth 1 billion USDor more contributed to the over fulfilling of the annual target in FDIattraction and disbursement in the period.
Exportsfrom FDI enterprises also made remarkable contributions to Vietnam’seconomic growth this year as their turnover reached 88.4 billion USD, up22.4 percent against the last year’s figure.
HaQuang Tuyen, head of the National Account System under the GeneralStatistics Office (GSO) said production and exports of the FDIenterprises make up about 20 percent of the country’s GDP in 2013,while the figure for 1992 was only 2 percent.
Thisyear, Vietnam is estimated to have a trade surplus of almost 900 millionUSD for the second consecutive year after exports were estimated at132.2 billion USD and imports, at 131.3 billion USD.
According to a report of the MPI on Vietnam’s FDI attraction over thelast 25 years, from 2003, the exports by FDI firms surpassed those bylocal firms and became a major factor to speed up the overall export, asit made up about 64 percent of the country’s total export turnover in2012 and 66.87 percent in 2013.
The contributionby large FDI enterprises such Samsung, Nokia, Intel and LG is alsoconsiderable in the change of the structure of exports.
In addition, the investment poured by FDI businesses into the socialdevelopment stood at the highest rate, showing that the FDI enterprisesplay an importance role in the national economy.
Northern Thai Nguyen province led localities in FDI attraction thisyear, bringing in 3.3 billion USD, making up 16.1 percent of the total.
Central Thanh Hoa province came in second with 2.9 billion USD, accounting for 14 percent of the total.
Northern Hai Phong city took third place with 2.6 billion USD.-VNA
As many as 1,275 new projects have been licensed with a totalregistered capital of 14.3 billion USD, while 472 projects added 7.3billion USD to their existing capital, a year-on-year increases of 70.5percent and 30.8 percent, respectively.
According tothe Ministry of Planning and Investment (MPI), an estimated 11.5billion USD from the FDI projects has been disbursed in the period, up9.9 percent over the same period last year.
Thegrowth is attributed to efforts by the Government, ministries andlocalities in improving the business environment and simplifyingadministrative procedures to attract more foreign investors, said DoNhat Hoang, head of the Foreign Investment Department under the MPI.
It also shows that Vietnam remains an attractive and potential destination for foreign investors.
The presence of large projects, especially those worth 1 billion USDor more contributed to the over fulfilling of the annual target in FDIattraction and disbursement in the period.
Exportsfrom FDI enterprises also made remarkable contributions to Vietnam’seconomic growth this year as their turnover reached 88.4 billion USD, up22.4 percent against the last year’s figure.
HaQuang Tuyen, head of the National Account System under the GeneralStatistics Office (GSO) said production and exports of the FDIenterprises make up about 20 percent of the country’s GDP in 2013,while the figure for 1992 was only 2 percent.
Thisyear, Vietnam is estimated to have a trade surplus of almost 900 millionUSD for the second consecutive year after exports were estimated at132.2 billion USD and imports, at 131.3 billion USD.
According to a report of the MPI on Vietnam’s FDI attraction over thelast 25 years, from 2003, the exports by FDI firms surpassed those bylocal firms and became a major factor to speed up the overall export, asit made up about 64 percent of the country’s total export turnover in2012 and 66.87 percent in 2013.
The contributionby large FDI enterprises such Samsung, Nokia, Intel and LG is alsoconsiderable in the change of the structure of exports.
In addition, the investment poured by FDI businesses into the socialdevelopment stood at the highest rate, showing that the FDI enterprisesplay an importance role in the national economy.
Northern Thai Nguyen province led localities in FDI attraction thisyear, bringing in 3.3 billion USD, making up 16.1 percent of the total.
Central Thanh Hoa province came in second with 2.9 billion USD, accounting for 14 percent of the total.
Northern Hai Phong city took third place with 2.6 billion USD.-VNA
