Vietnam FDI up 6.7pc in four months

HANOI, Apr 26 (Xinhua): Vietnam is estimated to disburse some US$4.0 billion of foreign direct investment (FDI) in the first four months of 2014, up 6.7 per cent year-on-year, said Foreign Investment Agency (FIA) under Vietnam's Ministry of Planning and Investment Friday.
Though the disbursement of FDI increased over the same period in 2013, the figures of newly registered and added capital during the period still fell sharply by 40.9 per cent year-on-year to $4.85 billion.
Specifically, during the period, there were 390 new projects being granted licenses with total capital of $3.22 billion, down 34.6 per cent year-on-year, while other 140 existing projects were added capital with $1.62 billion, down 50.3 per cent year-on-year.
The decrease in FDI attraction in the first four months was attributed to the lack of large-scale projects.
During the period, there were 36 countries and regions invested in Vietnam. South Korea topped the list of foreign investors to the country with a total capital of $1.12 billion, accounting for 23.1 per cent of the whole FDI investment.
South Korea was followed by Japan with $531 million and Singapore with nearly $479.2 million.
Manufacturing and processing industry attracted the most FDI investment during the period with $3.6 billion, accounting for 74.3 per cent of the total figure.
Real estate sector ranked the second place with $392.3 million, making up 8.1 per cent.