The Lot B - O Mon gas pipeline project in the Mekong Delta’s Kien Giang province received an investment license on April 20, joining the licensing of the billion-dollar Samsung Display project in northern Bac Ninh province.

Total investment capital is $1.27 billion, from Japanese investors and the Vietnam Oil & Gas Group (PetroVietnam) and the PetroVietnam Gas Corporation (PV Gas).

Total registered FDI in Vietnam so far this year has increased to $10.95 billion, up 40.5 per cent year-on-year, according to the Foreign Investment Agency (FIA) at the Ministry of Planning and Investment.

Of this, 734 FDI new projects have investment capital of $4.88 billion and 345 existing projects increased their investment capital by a total of $4.36 billion. $1.35 billion was also invested in capital contributions and share purchases.

While newly-registered FDI fell 4 per cent year-on-year, capital increases rose 241.8 per cent.

South Korea maintained its leading position in terms of investment source, with total registered capital of $4.05 billion, followed by Japan with $1.85 billion and Singapore with $1.1 billion.

A notable feature of FDI attraction since the beginning of the year is a slight decline in growth in disbursement. In the first four months, disbursed FDI was estimated at just $4.8 billion, up just 3.2 per cent over the same period of 2016. Growth in disbursement in the first three months was 3.4 per cent, which was down considerably compared to previous years.
As at the end of April, Vietnam had attracted a total of $302.64 billion in registered FDI capital, according to the FIA. Disbursed capital was $159.63 billion, or 52.7 per cent of registered capital.

VN Economic Times