The country has attracted US$8.7
billion in foreign direct investment (FDI) despite the global economic
downturn, said the Director of the Foreign Investment Agency, Phan Huu
Thang on June 23.
In the first six months, as many as
306 projects were licensed with a combined registered capital of US$4.7
billion and 68 existing projects were allowed to increase their
investment capital by US$4.1 billion, according to reports.
The industrial and manufacturing
sectors surpassed real estate to become the second largest favourite
destination for investments with US$1.56 billion in registered capital,
of which US$1.38 billion was newly registered.
Export services in the FDI sector are
expected to reach US$13.6 billion in the first six months of this year,
81 percent against the same period last year, making up 49.3 percent of
the nation’s total.
The value of imports is likely to top US$10.5 billion.
Mr Thang said that new FDI would hit
US$20 billion and US$8 billion would be disbursed by the years-end.
These figures are close to the country’s predicted GDP of five percent
The agency forecasts that next year,
newly licensed FDI capital will reach US$22 billion, an increase of 20
percent from this year and exports will rise by 24 percent in value./.