Of the total, about 14.6 billion U.S. dollars are committed for776 newly-licensed projects. The rest 5.09 billion U.S. dollars was additional capital for 213 ongoing projects, according to the Foreign Investment Agency of the Ministry of Planning and Investment.

In this period, Vietnam's FDI disbursement is expected to be nine billion U.S. dollars, a drop of 10.4 percent against the same period last year, said the agency.

During this period, there have been 45 countries and regions pouring investment in Vietnam. The United States continues to be the biggest foreign investor of Vietnam with the registered capital of 8.1 billion U.S. dollars, accounting for 41.1 percent of total FDI in the country.

Tourism and service sectors of Vietnam have become the most attractive fields for foreign investors with investment of about 8.7 billion U.S. dollars. The real estate sector ranks second. The third is the manufacturing sector.

Amid the global economic downturn, Vietnam adjusted this year's target of luring foreign investment to 20 billion U.S. dollars, nearly one-third of 2008's figure. FDI disbursement is expected to be ten billion U.S. dollars, said the Ministry of Planning and Investment.

Xinhua - November 27, 2009

Vietnam attracts US$19.7 billion in FDI in 11 months

Vietnam has lured US$19.7 billion in foreign direct investment (FDI) in the first 11 months of this year, according to the Ministry of Planning and Investment’s Foreign Investment Agency (FIA).

The FIA said that the new investment is a big figure in the context of economic slowdown, though it is only equivalent to 28 percent of the same period last year.

The According to the FIA, with counting newly-licensed projects, the country now boasts 10,854 projects with a combined registered capital of US$175 billion.

The foreign-invested sector in Vietnam is reported to be in recovery. The sector is estimated to have earned more than US$27 billion from exports in the first 11 months of this year, equalling 52.5 percent of the country’s total export revenue in the period.

The accommodation and food services sectors continue to catch the eye of foreign investors, with newly-licensed projects worth over US$8.7 billion and property business projects worth US$5.9 billion.

The US is taking the lead in investment in Vietnam in the period, with US$8.1 billion in registered capital, followed by the Cayman Islands with US$2.02 billion.

Radio Voice Of Vietnam - November 27, 2009

Vietnam Jan-Nov FDI inflows down 10.4 pct

HANOI - Foreign direct investment (FDI) into Vietnam dropped 10.4 percent to $9 billion in the first 11 months of 2009 from the same period a year before, the government said on Friday.

New pledges between January and November reached $19.7 billion, near the country's annual target of $20 billion. FDI in the red-hot property development sector totalled $5.9 billion, the government said.

The United States ranked as the biggest foreign investor in Vietnam with total pledges of $8.1 billion, the report said. Foreign investment inflows, along with overseas remittances, are a key source of foreign exchange, helping Vietnam offset its trade deficit.

By Nguyen Nhat Lam - Reuters - November 27, 2009