With 40 projects granted investment licenses in January, Foreign Direct Investment (FDI) registered capital totalled more than US$2.85 billion, up 78.2 percent over the previous January, according to the Ministry of Planning and Investment’s Foreign Investment Agency (FIA).

At the same time, 3 projects received additional investment capital valued at US$32.9 million, up 31.6 percent from last year’s recapitalisation.

Putting new and additional FDI capital together, Vietnam attracted US$3.18 billion, an increase of 71.9 percent compared to a year earlier.

The FDI sector is showing signs of recovery. In the first month of 2010, FDI businesses exported US$2.67 billion, up 35.5 percent against the same month of last year. Meanwhile, the imports level in the FDI sector rose considerably, reaching US$2.35 billion, up 87.8 percent.

The FDI sector also saw an increase of 29.1 percent in industrial output for January.

With such a good showing in January, the prospect of FDI attraction and capital disbursement in 2010 will be brighter than in the previous year. 

(Source: VOV)