US$237 billion in FDI poured into Vietnam
By April 2014, Vietnam had 16,323 valid foreign-invested projects, with a total registered capital of US$237 billion, according to Deputy Minister of Planning and Investment Dang Huy Dong.
Foreign investments have contributed to promoting technology innovation, improving production capacity and economic management in Vietnam, developing high-quality human resources while generating more jobs,
Dong, however, noted that Vietnam should actively work to better its legal system on investment and business, especially simplifying administrative procedures in the fields, in order to draw more foreign investment in the coming time.
In the first four months of this year, the country attracted US$4.855 billion in foreign direct investment. Capital disbursement by foreign-invested projects reached about US$4 billion in reviewed period, representing a year-on-year increase of 6.7%.
Of the foreign investors, the Republic of Korea topped the list, with both newly-registered and additional capital totaling US$1.12 billion. It was followed by Japan and Singapore with US$531 million and US$479.1 million, respectively.
The southern province of Binh Duong topped the list of FDI destinations, attracting US$792.9 million, 16.3% of the national figure, followed by Ho Chi Minh City (US$749.1 million) and Dong Nai (US$537.8 million).