Vietnam drew nearly 4.03 billion USD in newly-registered and additional capital from foreign direct investment (FDI) projects in the first quarter of this year.
Hanoi (VNA) – Vietnam drew nearly 4.03 billion USD in newly-re🦂gistered and additional capital 🐻from foreign direct investment (FDI) projects in the first quarter of this year, up 119.1 percent against the same period last year.
According to the Foreign Investment Agency under the Ministry of Planning and Investment, up to 473 foreign direct investment (FDI) projects valued at 2.74 billion USD were licensed between January-March, a year-on-year rise of 125.2 percent.
Meanwhile, 203 operational FDI projects registered to increase their capital by 1.285 billion USD, up 107 percent over the figure recorded in the corresponding time last year.
By March 20, 2016, FDI disbursement reached an estimated 3.5 billion USD, up 14.8 percent year-on-year.
Foreign investors injected funds into 19 sectors, of which the processing and manufacturing industry is the most attractive with 2.9 billion USD, making up 72.2 percent of the total FDI pledged in the country.
Real estate came in second, luring about 240 million USD, equivalent to some 6 percent of the registered sum.
With one large-scale project valued at more than 210 million USD, the entertainment sector ranked third in the list, representing 5.2 percent of the nation’s total FDI.
Among 40 countries and territories investing in Vietnam, the Republic of Korea took the lead with 888.6 million USD from new and adjusted projects, making up 22 percent of the national figure.
Singapore and Taiwan (China) were in second and third places with 554 million USD and 465.6 million USD, respectively accounting for 13.7 percent and 11.5 percent of the total number.
The southern province of Dong Nai topped the country in attracting FDI in the reviewed time with 60 newly-licensed and adjusted projects worth 585 million USD, making up 14.5 percent of Q1’s FDI.
It was followed by the northern province of Bac Ninh with 398 million USD and the southern province of Binh Duong with 371 million USD, respectively.
During the period, export turnover of the FDI sector edged up by 5.8 percent to more than 27 billion USD, accounting for 71.3 percent of the national figure.-VNA
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Illustrative image (Source: VNA)
