Vietnam has officially announced it foreign direct investment (FDI) inflow of US$6.33 billion and disbursement of US$3.3 billion in 2005, up 32.7 per cent and 15.4 per cent, respectively, against the previous year, according to the latest report by the Ministry of Planning and Investment.
Earlier, government office statistics showed that Vietnam attracted only US$5.8 billion in FDI and disbursed US$3.4 billion in 2005.
The ministry’s new report said its initial targets of luring US$6.5 billion of FDI in 2006, including capital raised by existing FDI firms in the country, and disbursing US$3.5 billion are not exact and the expected figure may be much higher.
Also according to the new announcement of the ministry, as of December 31 last year, there are 6,030 valid FDI projects in Vietnam with total registered capital of over US$51 billion and combined disbursed capital of US$27.98 billion. Taiwan is the biggest investor in Vietnam, followed by Singapore, Japan, South Korea, Hong Kong, British Virgin Islands, France, the Netherlands, Malaysia, and Thailand.
Vietnam is now home to 3,000 foreign-invested firms under operation, which employ a total of around one million workers, including 200 firms coming into operation in 2005 with 150,000 laborers.
In 2005, Vietnam also withdrew the licenses of 80 FDI projects capitalized at US$1.29 billion due to their sluggish implementation, weak financial ability, or less effective operation.
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