FDI down 30% in Jan-May 2012 compared with 2011

The national index of industrial production in the first five months of this year increased 4.2 per cent against the same period last year, the Ministry of Planning and Investment reported at a meeting in Ha Noi yesterday.

This was the lowest growth in comparison with the same time over the past years. However, since the early months of this year, index growth had reflected positive performance, the ministry said.

Particularly, the indices of industrial production and processing have risen by 3.9 and 2.4 per cent respectively in the first two months, up 6.5 and 8.6 per cent in March as well as 7.5 and 9.3 per cent in April.

However, goods inventories were still high and went up 29.4 per cent over the corresponding period. Especially, storage levels of some commodities increased sharply, cement rising over 52 per cent, motor vehicles by 56.5 per cent and beer by 29 per cent.

In May, the number of newly established enterprises was 4,450 with a total registered capital at VND55 trillion (US$2.62 billion).

The ministry reported that Viet Nam had signed $ 2.1 billion of official development assistance (ODA) investment with foreign partners and had already disbursed $ 530 million.

Viet Nam also attracted $ 5.33 billion of foreign direct investment (FDI), equal to 68.2 per cent of the same period in 2011, while disbursement reaching $ 4.5 billion, approximately the same as last year.

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