First trimester FDI falls by a solid third
First trimester FDI falls by a solid third
In the first four months of the year, Vietnam saw decreasing foreign direct investment (FDI) capital, while overall foreign investment capital increased by 67 per cent on-year.
According to the statistics of the Foreign Investment Agency (FIA) of the Ministry of Planning and Investment (MPI), in the first four months of this year Vietnam attracted $8.06 billion in foreign investment capital, reaching approximately two-third or 76.1 per cent of last year's figure. However, the disbursed FDI capital was $4.5 billion, up 6.3 per cent.
Notably, as of April 20, 883 newly-registered projects received investment certificates with the total capital of $3.55 billion, which was 76.1 per cent of last year's figure, while 303 existing projects received added capital of $2.24 billion, 51.5 per cent. Meanwhile, 1,863 M&A deals were signed with a total investment capital of $2.26 billion, up 67 per cent.
In the first four months of this year, foreign investors invested in 17 industries nationwide. The processing and manufacturing industry still kept the top position with a total of $4.52 billion, equaling 56.1 per cent of the total FDI inflows. The runners-up are the real estate industry with $807.5 million and the wholesale and retail industry with $779 million.
Besides, Vietnam’s cities and provinces saw changes in the ranking of provinces and cities receiving the largest FDI volume as well as the ranking of the largest foreign investors.
Notably, foreign investors poured capital into 53 cities and provinces across the country. Ho Chi Minh City ranked first with $1.92 billion, making up 23.8 per cent of the total FDI inflow, while Haiphong received the second largest FDI volume with $1.03 billion, equaling 12.8 per cent of the total. Hanoi overcame Binh Duong to become the third largest investee with $746 million.
Additionally, Japan returned to the top three largest foreign investors during January-April. The three largest foreign investors in Vietnam were South Korea with $2.34 billion in registered investment capital, Japan with $1.29 billion, and Singapore with $808 million.
