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FDI disbursement rises in 11 months   2010-11-25 - VNS

Disbursement of foreign direct investment (FDI) in the first 11 months of this year increased by 9.9 per cent over to the same period last year to reach US$9.95 billion, according to the Foreign Investment Agency (FIA).

During the 11 month-period, the nation attracted $13.3 billion in FDI, down 40 per cent against the same period last year. The country had set a target of drawing $22-25 billion in FDI this year.

74 new foreign-invested projects were licensed in November, worth a combined $512 million.

However, there was no change in additional investment to existing this month compared to the previous month which saw $420 million invested in 57 ongoing projects, the FIA noted.

The Netherlands remained the leading source of foreign investment in Viet Nam with $2.32 billion, followed by South Korea with $2.28 billion and the US with $1.92 billion.

Over the 11 month period, the processing and manufacturing sector attracted the largest share of FDI, accounting for $4.37 billion. Production, air-conditioning, electricity and water distribution contributed $2.94 billion, while the real estate sector ranked third, hitting $2.85 billion.

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