Vietnam has attracted fresh foreign direct investment inflows of $9.65 billion during the first nine months of 2015, recording a 8.4 per cent increase over the same period in 2014. That was part of the pledged FDI worth $11.03 billion during the period, up 44.5 per cent.
This was announced by the local Ministry of Planning and Investment.
Specifically, over 1,400 FDI projects were granted licenses. Apart from that, nearly 461 projects saw an investment increase amounting to $6.11 billion, up 72.6 per cent year-on-year. Collectively, the value of new projects and increased registered capital amounted to $17.15 billion.
The increase is thanks to large investments in major projects,such as the $2.4-billion Duyen Hai 2 thermal power plant by Malaysia’s Teknik Janakuasa Sdn Bhd, and the add-on investment of $3 billion by Samsung Display in the northern Bac Ninh province.
Moving forward, Vietnam targets to attract $23 billion in pledged FDI for 2015-16 fiscal, up by 40 per cent over 2014-15, while actual inflows are expected to remain slightly unchanged at $12.5 billion.
Referring to government-level official development assistance (ODA), the investment ministry unveiled that the total assistance inked as of September 22 reached more than $2.7 billion, accounting for 75.5 per cent of last year’s figure. The disbursement of the ODA during the first nine month period stood at $3.3 billion, compared to $4.1 billion in 2014, the ministry added.