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FDI in Vietnam Seeing Rebound

 http://www.asemconnectvietnam.gov.vn/AsemVn/asps/news.asp?idnews=5870&tuan=19 

Vietnam’s foreign direct investment (FDI), after hitting record level in 1996 with total registered capital attaining US$8,497.3 million, continuously declined in the next 3 years with registered capital of 1997 reaching $4,649.1 million (down 45.3%), of 1998 down 16.2% and 54.1% over the figure of 1997 and 1996 to $3,897 million, and of 1999 falling 59.8% and 81.5% compared to 1998 and 1996 to $1,568 million, then registered a slight increase in the next two years with the figure of 2000 seeing a 28.3% rise over 1999 to $2,012.4 million and of 2001 hitting $2,535.5 million, up 26% compared to 2000, and then posting a 38.6% drop in 2002 to $1,557.7 million. In 2003, the figure jumped 23.8% over 2002 to $1,928.5 million and reached $474.1 million in the first 4 months of 2004, up 23.4% compared to the corresponding period a year earlier.

With respect to average registered capital per project, the figure in the first 4 months of the year hit $3.4 million, more than 1.6 times over on year figure at $2.1 million.

In the first 4 months of the year, FDI kept focusing on the industry-construction sector, the service sector, and paid more attention to the agriculture, forestry and fisheries sector.

In regard to counterparts, in the first 4 months, there were 15 nations and territories investing in Vietnam with registered capital totaling over $1 million. Among them, 9 nations and territories invested over $10 million. Particularly, Canada shifted t o the top of foreign investor list.

As of end of April 2004, there were $45.6 billion worth of foreign registered capital put into Vietnam.

Investment by country from Jan to Apr 21, 2004.

 

 

Countries and territories

Number of projects

Registered capital ($m)

Legal capital ($m)

1

Canada

5

150.02

45.07

2

Taiwan

24

106.18

36.78

3

South Korea

40

69.36

38.90

4

Hong Kong

8

27.12

10.58

5

Japan

10

26.10

13.45

6

U.S.

6

22.61

8.90

7

Australia

3

20.60

6.53

8

China

16

17.48

8.88

9

Russia

3

13.37

5.03

10

Singapore

6

6.75

3.45

11

Malaysia

5

5.55

1.81

12

France

4

2.88

0.95

13

B.V. Islands

4

2.46

0.88

14

Germany

2

1.98

0.70

15

Belize

1

1.00

0.30

16

Panama

1

0.50

0.20

17

Thailand

1

0.10

0.10

18

Netherlands

1

0.05

0.05

19

Belgium

1

0.03

0.02

Total

141

474.13

182.57

 

Investment by country as of Apr 21, 2004.

Countries & territories

Number of projects

Registered capital

Disbursed capital ($m)

Singapore

295

7,822.38

3,234.57

Taiwan

1,119

6,329.69

2,646.18

Japan

436

4,678.85

4,060.61

South Korea

712

4,345.12

2,770.67

Hong Kong

298

3,012.08

1,805.52

France

139

2,121.78

1,045.18

B.V. Islands

191

2,075.19

1,076.88

Netherlands

52

1,788.32

1,954.55

Thailand

118

1,406.80

648.01

U.K.

187

1,186.19

709.08

U.S.

53

1,185.11

595.61

Malaysia

140

1,140.12

783.24

Switzerland

27

662.81

517.98

Australia

94

634.88

314.34

China

266

544.27

147.90

Sweden

11

455.43

358.85

Cayman Islands

11

384.56

397.91

B. West Indies

4

352.65

84.39

Bermuda

5

260.32

213.44

Russia

46

254.01

182.79

Germany

51

245.86

120.67

Philippines

20

224.62

83.47

Canada

39

219.77

17.01

Indonesia

11

120.05

126.67

Denmark

17

119.90

80.16

Mauritius

7

88.18

626.57

Channel Islands

12

76.80

48.90

Belgium

23

53.32

48.21

Turkey

4

46.00

1.00

India

9

45.41

550.38

New Zealand

10

41.02

11.18

Norway

11

40.29

14.94

Italy

13

38.69

8.54

Czech Republic

5

35.93

8.32

Liechtenstein

2

35.50

35.03

Luxembourg

12

34.74

14.73

Poland

6

30.00

13.90

Iraq

2

27.10

15.10

Ukraine

6

23.5

14.09

Bahamas

3

17.35

5.35

Isle of Man

1

15.00

1.00

Panama

4

13.73

2.29

Austria

7

12.85

3.97

Sri Lanka

3

12.81

1.17

Samoa

3

11.30

2.80

Laos

4

11.05

5.48

Macau

4

10.30

2.48

Cuba

1

6.60

7.32

Israel

3

6.53

5.19

Belize

2

4.00

0.98

Hungary

3

3.13

1.74

Brunei

2

3.00

-

Western Samoa

1

2.30

1.71

Guatemala

1

1.87

-

Yugoslav Federation

1

1.58

-

Syria

3

1.05

-

Turks & Caicos Islands

1

1.00

0.70

Spain

2

0.75

0.60

Cambodia

2

0.70

0.40

Cyprus

1

0.50

0.15

Guam

1

0.50

-

Belarus

1

0.40

-

Argentina

1

0.12

0.12

North Korea

1

0.10

-

Total

4,520

42,326.23

25,429.49

 

Investment by sector as of Apr 21, 2004.

Sector

Number of projects

Registered capital ($m)

Disbursed capital ($m)

1. Industry

3,023

24,296.83

17,397.96

Oil & Gas

27

1,891.58

4,427.92

Light industry

1,239

6,314.66

2,845.93

Heavy industry

1,267

9,812.74

6,028.77

Food industry

213

2,841.53

2,018.57

Construction

277

3,436.31

1,896.77

2. Agriculture & forestry

615

3,056.77

1,595.21

Agriculture & forestry

519

2,791.98

1,467.02

Aquaculture

96

264.799

128.19

3. Service

882

14,972.63

6,436.33

Transport, post & telecom

127

2,613.89

1,054.94

Hotel & tourism

149

3,443.08

2,097.03

Banking & finance

46

596.05

615.93

Culture, health & education

156

636.78

232.67

New urban area

3

2,466.67

6.29

Office building & apartment

99

3,466.41

1,604.85

IZ’s & EPS’s infrastructure construction

19

895.63

525.07

Other

283

854.19

299.53

Total

4,520

42,326.23

25,429.49

 

Investment by sector from Jan to Apr 21, 2004.

Sector

Number of projects

Registered capital ($m)

Disbursed capital ($m)

1. Industry

90

272.97

102.50

Oil & Gas

 

 

 

Light industry

36

62.31

22.83

Heavy industry

42

195.59

71.53

Food industry

3

4.20

1.45

Construction

9

10.86

6.69

2. Agriculture & forestry

20

94.42

33.99

Agriculture & forestry

19

93.2

33.59

Aquaculture

1

1.00

0.40

3. Service

31

106.74

46.08

Transport, post & telecom

7

14.98

8.14

Hotel & tourism

5

59.99

21.25

Banking & finance

 

 

 

Culture, health & education

6

7.66

4.53

New urban area

 

 

 

Office building & apartment

1

20.58

10.30

IZ’s & EPS’s infrastructure construction

 

 

 

Other

12

3.56

1.86

Total

141

474.13

182.57

Source: Vietnam Investment Review May 3-9, 2004

May 10 2004



Sweden and Switzerland Giving Vietnam One Hand in Promoting Export

 http://www.asemconnectvietnam.gov.vn/AsemVn/asps/news.asp?idnews=5824&tuan=17 

Vietnam's Ministry of Planning and Investment has submitted to the Government for approval of the project for assistance in trade promotion and export growth sponsored by Switzerland and Sweden with a respective aid sum of US$2.5 million and $640,000. Vietnam's capital is nearly $220,000.

The project aims to support the Vietnamese Government to fulfill its export growth targets. The project's objectives are to suggest a national strategy on export growth providing update information and working out strategies for selective services and pr oducts, to develop an effective national trade supporting network between the Government, trade supporting institutions and export enterprises, and to provide useful trade information, etc.

The project will be conducted from April 2004 to April 2007 by the Ministry's Trade Promotion Department and the International Trade Center.

Apr 26 2004



Infos: Copyright by Vietnam Trade Information Center - Ministry of Trade @ 2001