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Four-month FDI attraction tops US$10.8 billion

Vietnam had raked in over US$10.8 billion worth of foreign direct investment (FDI) in a period from January to April 20, equivalent to 88.3% compared to the same period from last year, according to figures released by the Foreign Investment Agency

 (FIA).

The four-month figure indicates the FDI inflow has been slowing down with newly-registered capital dropping 56.3% year-on-year to US$3.7 billion.

However, the agency noted that a total of 323 operating projects have been permitted to raise their capital by US$5.29 billion, up 22.8% and 92.5%, respectively, compared to the same period last year.

Throughout the reviewed period, capital contributions and share purchases made by foreign investors stood at US$1.83 billion, rising by 74.5% year on year.

Capital inflows cover 18 sectors, in which processing and manufacturing took the lead with US$6.2 billion, followed by real estate, wholesale and retails, and science and technology, with US$2.8 billion, US$667.8 million, and US$357.5 million, respectively.

Among the 72 countries and regions with investment projects in the country during this period,

By pouring US$3.1 billion into projects, Singapore was Vietnam’s largest foreign investor in the past four month, followed by the Republic of Korea with over US$1.82 billion, and Denmark thanks to its US$1.3 billion Lego project in Binh Duong.

As many as 44 provinces and cities nationwide received FDI in the reviewed period, with Binh Duong taking the lead as it attracted US$2.35 billion. Elsewhere, Bac Ninh and Ho Chi Minh City ranked second and third with US$1.57 billion and US$1.28 billion, respectively.

Source: VOV

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