Vietnam Sees Strong FDI Growth in Jan/Feb 2012

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By Tran Que Chi

Feb. 28 – According to Vietnam’s General Statistics Office, foreign direct investment projects have disbursed an estimate US$1 billion in the first two months of 2012.

As of February 20, 2012, there were 65 FDI projects with new investment licenses accounting for a total registered capital of US$910.9 million.

Across the country, there have been 25 instances of projects increasing their registered capital with total additional funds increasing by nearly US$320 million.

Total investment in new and additional registered capital this year through to February 20, 2012 was US$1.23 billion, equal to 45.5 percent over the same period in 2011.

In terms of sectors, the manufacturing and processing industry is the sector that has attracted most projects with 26 newly registered investment projects. Total newly-registered capital and additional capital amounted to US$994.29 million, representing 80.8 percent of the total investment capital registered in first two months of 2012.

Vietnam’s transport and warehouse sector ranked second with total new and additional registered capital amounting to US$180 million. Following that was the wholesale and retail sector with total new and additional registered capital equaling US$27.1 million.

In terms of investment partners, there are 23 countries and territories having investment projects in Vietnam so far this year. In particular, Japan is the leading country in additional and new registered capital with US$1.07 billion. The second and third positions belong to Taiwan and Singapore, respectively.

In terms of investment areas, Hai Phong attracted the most FDI capital with new and additional registered capital totaling US$605.16 million. Khanh Hoa and Binh Duong rank second and third in attracting FDI this year.

Dezan Shira & Associates is boutique professional services firm providing foreign direct investment business advisory, tax, accounting, payroll and due diligence services for multinational clients in Vietnam. To contact the firm, please email vietnam@dezshira.com, visit www.dezshira.com, or download the firm’s brochure here.

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