Issued by VANUATU INVESTMENT PROMOTION AUTHORITY

Special note

New application:

Refers to new application approved by the VIPA Board and have been granted with a VIPA Certificate.

Private Investor:

Refers to approved application by the VIPA Board to invest in an investment or project already on ground or operating.

Projects

A total of 56 projects were approved by VIPA during the Third (3rd) Quarter 2006 of which 30 are new projects, 5 are private investments and 21 are variations. Port Vila continues to receive the highest percentage of investment of 89 percent, Luganville 7 percent, Sanma 3 percent and Malampa 1 percent.

Proposed Employment

During the Third (3rd) quarter of 2006, VIPA registered a proposal of 375 local and 29 foreign employments from the approved projects.

Proposed Investment

Total proposed value of investment was over three billion Vatu.

Investment by Country and Sector

New, Private & Variation Applications The number (21) of Variation applications approved has seen an increase over the Second Quarter of 2006. Private applications approved showed a slight increase over the second quarter of 2006. The table 2 below show the overall quarterly number of projects, Employment and Value of Investments received by all types of application from 1st Quarter 2003 to 3rd Quarter 2006.

Proposed Value of investments.

The proposed value of investment in the 2nd quarter of 2006 saw a significant increase of 60 percent over previous quarter but a drop of 4 percent over same quarter previous year as shown on figure 5. The table below showed the overall quarterly number of projects, Employment and Value of Investments from 1st quarter 2003 to 2nd quarter 2006.

Table 2. Projects, Employments & Value of investments, 2003-2006