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«AgroInvest» — News — Vietnam to see FDI down 16% in first 11 months

Vietnam to see FDI down 16% in first 11 months

2011-11-28 12:38:24

Vietnam attracted 12.6 billion U.S. dollars in foreign direct investment (FDI) during the first 11 months, a year-on-year decrease of 16 percent, said local Vietnam Investment Review Monday.

The figure means Vietnam will not reach is target of attracting 18 billion U.S. dollars in registered capital this year, said the report.

Fifty-eight new projects were committed and 60 existing projects registered for expansion this month, raising total committed projects from January to November to 1,243.

Industrial manufacturing sector continues the most attractive to foreign investment with 49.1 percent of total capital, following the energy, water and gas supply sectors, said the report.

During the month, foreign investors pumped 950 million U.S. dollars into Vietnam, raising total disbursement of foreign direct investment to 10.05 billion U.S. dollars.

 

 

Xinhua