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FDI in 2013 to exceed US$20 billion,
By Nguyen Ngan 14:26, 2013/11/12
Total newly-registered and additional Foreign Direct Investment (FDI) in the recent 10 months of 2013 reached US$19.2 billion, a year-on-year soar of 65.5%, according to the Foreign Investment Agency under the Ministry of Planning and Investment (MPI).

The MPI stated that total registered FDI in 2013 is expected to exceed US$20 billion, focussing mainly on industrial production.

In the period, FDI disbursement was nearly US$ 10 billion, up 6.4%. 

The FDI soar is attributed to the efforts made by both investors and Governmental agencies in solving obstacles facing big projects, said Chairman of Viet Nam's Association of Foreign Invested Enterprises Nguyen Mai.

Among newly-registered FDI projects, seven were worth more than US$1 billion, accounting for half of total FDI capital in the past 10 months. Samsung Viet Nam invested US$4.2 billion in industrial zones in the provinces of Thai Nguyen and Bac Ninh.

Nghi Son refinery and petrochemical complex and Vinh Tan thermo-electricity plant have received investment of US$2.8 billion and US$2 billion, respectively.

The investment environment is more stable than before as inflations rate and monetary policies are kept under control, added Mr. Mai.

In September, the Government issued a Resolution on strengthening the attraction and improvement of FDI capital in which it changed a number of regulations related.

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