January sees 37 FDI projects licensed

Vietnam has licensed 37 FDI projects, worth USD257.1 million in registered capital in January, 2013, according to the Foreign Investment Agency.

Less than one month into 2013, the country has licensed 37 foreign direct investment (FDI) projects, worth USD257.1 million in registered capital, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.

In addition, 9 existing projects added USD24.3 million to their registration capital, bringing the total amount of FDI capital inflow by January 20 to USD281.4 million up 74 percent compared to the same month last year.

The largest portion of FDI inflows was poured into processing and manufacturing industry, accounting for nearly 72.1 percent of total invested capital.

Japan topped the list of investors with USD157.7 million in newly granted and additional capital, followed by Thailand and France with 19.3 percent and 7.1 percent, respectively.

Dong Nai, Hai Phong and Binh Duong are the three most popular destinations for foreign investors this year.

According to the FIA , FDI disbursement was estimated at USD420 million , up 5 percent year-on-year. The FDI sector expects to bring in USD6.61 billion from exports in January, accounting for 65.49 percent of the country’s export earnings.