Vietnam’s Foreign Direct Investment (FDI) disbursements in 2014 may rise 8.7 percent year-on-year to US$12.5 billion, the Ministry of Planning and Investment has predicted.
Although new investment pledges during the first eight months of 2014 dropped 19 percent year-on-year to $10.2 billion, FDI disbursements increased 4.5 percent to $7.9 billion, according to statistics released by the ministry’s Foreign Investment Agency.
FDI disbursements tend to increase in the year-end months, the agency noted in a release that accompanied the figures.
The agency painted rising disbursements as a “silver lining” of an otherwise dark cloud that arrived after the anti-China riots in May which affected a huge number of foreign-invested companies.
The increase in FDI disbursements was thanks to some big projects licensed in previous years.
Among them was a $1.5 billion complex to make electronic export products owned by South Korea’s LG Electronics in Hai Phong City’s Dinh Vu Economic Zone.
The complex will come into operation next month, creating around 20,000 jobs.
Samsung has two projects, both worth billions of dollars, in Thai Nguyen and Bac Ninh provinces.
A series of small and medium-sized companies were also reported to step up investment.