Export value of the FDI sector accounts for 51% of the total figure in the first five months of 2010

Disbursement accelerates

The FDI disbursement increased by US $1.1 billion in May, sending the first five month figure to US $4.5 billion, up 7.1% against the same period last year.

Some 97 projects worth of over US $1.5 billion were granted with business licenses in May and totally 360 projects (US $7.1 billion in value) in the January-May period, up 40%.

High disbursement rate means foreign investors’ strong belief in Việt Nam’s business prospect.

Processing and manufacturing take the lead

The processing and manufacturing sector took the lead in luring FDI capital. Some 127 related projects of US $2.25 billion were licensed, or 33.9% of the total committed FDI volume.

The production and distribution of electricity and gases attracted US $2.2 billion.

Real estate market was dethroned to the third position with the total committed fund of US $1.238 billion.

Last week, a delegation of the US-ASEAN Business Council, including US giants operating in infrastructure, health, information technology, education and energy, came to seek investment opportunities in Hồ Chí Minh City.

The Vice President for global public policy and chief privacy officer for Oracle Joseph Alhadeff said his corporation would expand operations in IT applications and education-backing projects in Việt Nam.

Over half of export value

The foreign-funded sector contributed 51% of the country’s export value in the first five months, according to the Ministry of Planning and Investment.

The FDI enterprises’ export earnings stood at US $13.8 billion, seeing an increase of 25.9% against the same period last year.

Their export value is estimated to grow this year as some begin enhancing production, like Intel which plans to export its first batch of chips in July.

Samsung Vina said that it will increase productivity to some 4 million items/month to become the biggest FDI exporter in Việt Nam.

news.gov.vn