FDI inflows lower than target, total $18.6 billion

^- ⁺ A^- A⁺ 27/12/2010

Almost US$18.6 billion in foreign direct investment (FDI) inflows was registered in Vietnam for this year as a whole, equal to 82.2 percent of last year’s performance and lower than an expected US$22 billion – US$25 billion, according to the Vietnamese Ministry of Planning and Investment.

This file photo, taken in March 2010, shows foreign and Vietnamese business people at an industrial fair in Hochiminh City. (Photo: Tuong Thuy)

S$25 billion, according to the Vietnamese Ministry of Planning and Investment.

The FDI inflows were registered for 1,238 foreign-invested projects, according to a report by the ministry’s Foreign Investment Agency.

The report said US$17.23 billion was invested into new licensed projects and almost $1.4 billion added to existing projects.

However, US$11 billion was disbursed this year, 10 percent higher than last year’s disbursement.

The foreign sector posted a year-on-year rise of 27.8 percent in export revenue, putting the total at almost US$38.83 billion. The sector registered trade surplus of some US$2.3 billion for the whole year.

Source: SGGP

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