FDI Firms in Vietnam Report Revenues Up 14 per cent in Jan-May

Foreign-invested firms in Vietnam earned total revenues of US$9.8 billion in the first five months of 2006, including US$2.55 billion in May, up 14 per cent against the same period last year, State media reports.

 

Their total implemented capital between January and May was $1.49 billion, up 21.9 per cent on-year, including $340 million in May.

 

The foreign-invested sector created an additional 10,000 jobs in the period, raising the total number of workers serving the sector to 1.05 million to date.

 

From 1988 to the end of May of this year, Vietnam licensed 7,500 FDI projects with total investment of over $68 billion. Of which, 6,341 projects capitalized at $53.6 billion remain valid.

 

FDI into industrial and construction fields accounted for the most of the investment with 67.6 per cent in terms of project number and 61.1 per cent in total registered capital. Following were the services field with 19.6 per cent in project number and 31.6 per cent in terms of capital, and agriculture, and forestry and fishery with 12.8 per cent and 7.3 per cent, respectively in the number of projects licensed.

 

100 per cent-foreign-invested modes represented 75.3 per cent in terms of project number and 53.2 per cent in total registered capital, and joint venture modes accounted for 21.4 per cent and 35.9 per cent, respectively.

 

Between January and May this year, Vietnam attracted 281 new FDI projects capitalized at $2.01 billion from 30 countries and territories in the world, up 8.9 per cent in the number of project and up 19.7 per cent in terms of registered capital against the same period last year.

 

Vietnam & World Economy