January’s FDI slides 52.4%
(VOV) -The General Statistics Office (GSO) reports Vietnam granted licenses to 40 foreign direct investment (FDI) projects from January 1 - 20.
January’s FDI capital, totalling US$211 million, represents a 50.6% decrease in volume and a 52.4% fall in value compared to a year earlier.
Six other projects were authorised to add a cumulative US$186.1 million to existing investments.
Approximately US$465 million was disbursed during the month, 3.3% more than the comparable period in 2013.
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Processing and manufacturing industries received around 47.6% of January’s FDI capital (US$189 million), real estate projects attracted 44.4% (US$176.3 million), while other sectors shared the remaining 8% (US$31.8 million).
New projects were licensed in 12 provinces and cities. Ba Ria - Vung Tau province is home to the bulk of them, followed by Thai Nguyen, Vinh Phuc, and Binh Duong.
The majority of January FDI capital came from the Republic of Korea (US$88.8 million), Malaysia (US$27.2 million), and France (US$19.5 million) and Belgium (US$17 million).