Good Signal from FDI

Source: Pano feed

Report on attracting investment in the first two months of 2015 by the Foreign Investment Department (Ministry of Planning and Investment) said that as many as 148 new FDI projects were licensed with a total registered capital of US$712.29 million, and 58 FDI projects registered to increase investment capital with the total added capital of US$480.5 million. The positive sign is the disbursement of FDI projects is estimated at US$1.2 billion, up 7.1 percent compared to the same period in 2014, of which Ho Chi Minh City is still attracting the most capital.Processing and manufacturing remain hot sectors


As reported by the Foreign Investment Department, the situation of import and export of FDI enterprises including crude oil in the first 2 months of 2015 reached US$15.988 billion, up 12.4 percent compared to the same period in 2014 and accounted for 69 percent of exports. Exports excluding crude oil reached US$15.38 billion, up 16.5 percent over the same period of 2014. Imports of foreign-invested sector reached US$13.95 billion, up 23.3 percent compared to the same period last year and accounted for 61 percent of imports. Generally in the first two months of 2015, foreign investment sector’s surplus was US$2.03 billion.


In terms of investment sectors, in the past two months also recorded 13 sectors which received attention of international investors. Accordingly, the manufacturing industry and processing industry still get most attention, with 65 newly registered projects and 40 added capital projects with total newly registered capital and added capital of US$952 million, accounting for 79.8 percent of total registered capital of 2 months. In the second place is the real estate business with the total registered capital and increased capital of US$111.43 million, accounting for 9.3 percent of the total investment. Finally is the field of wholesale, retail and repair with 7 projects and 4 added capital projects with total registered capital and increased capital of US$71.22 million.


In addition, the British Virgin Islands replaced the no.1 investor position of South Korea among 28 countries and territories having investment projects in Vietnam. Accordingly, investors from the British Virgin Islands are leading with a total registered capital and increased capital of US$351.39 million, accounting for 29.5 percent of total investment in Vietnam. The second place goes to South Korea with total registered capital and increased capital of US$222.11 million, accounting for 18.6 percent of total investment; next is Japan with a total registered capital and increased capital of US$169.83 million, accounting for 14.2 percent of total investment capital.


Ho Chi Minh City attracting most FDI


Statistics of the Foreign Investment Department, said in the first two months of 2015, foreign investors invested in 23 cities, of which Ho Chi Minh City attracted the most FDI with 40 new projects and 17 increased capital projects with total registered capital and increased capital of US$497.9 million, accounting for 41.7 percent of total investment. Hai Phong ranked No. 2 with total registered capital and increased capital of US$213.86 million, accounting for 17.9 percent. Binh Duong ranked third with a total registered capital and increased capital of US$134.04 million, accounting for 11.2 percent of total investment capital.


According to Mr Thai Van Re, Director of Planning and Investment of Ho Chi Minh City, the reason why the City won the trust of investors was that the authorities offered maximum incentives for investors. Accordingly, the city is still in the process of completing and continues to build the infrastructure of IPs and clusters to create favourable conditions for high-tech applications; focusing on completing the infrastructure of High tech Zone Phase 1 and preparing for Phase 2 to attract investment in the field of high technology industry. In addition, city leaders also instructed the districts to reduce at least 30 percent of their time dealing with the investment certificate registration dossiers and the relevant procedures. The City also implements online registration with the settling time reduced to about half the time compared to the normal form. HO Chi Minh City also enhances dialogue and implements hotline to address the concerns of business.


According to Mr Nguyen Thanh Hai, Secretary of the HCM City Municipal Party Committee, in 2014 and 2015, the City had 5,310 valid foreign investment projects, with a total newly registered capital and added capital of US$36.28 billion, creating 550,000 new jobs. In 2014, the FDI enterprises contributed to the city’s budget nearly US$1.74 billion, up 22.9 percent over the same period.


Large FDI projects in the first two months of 2015:Project of Worldon Co., Ltd with a total investment capital of US$300 million by the British Virgin Islands investors in HCM City in high-end garments; Project of Regina Miracle International Vietnam Co., Ltd in Hai Phong with increased capital of US$90 million; Project of Chuo Vietnam Co., Ltd in Hai Phong with increased capital investment capital of US$50 million.Anh Phuong




Đăng ký: VietNam News