Fresh FDI soars in January

Fresh foreign direct investment (FDI) approvals nationwide in the year to January 20 had reached US$1.9 billion, a sharp rise of 51.9% from a year earlier, according to the Foreign Investment Agency under the Ministry of Planning and Investment.

 

Data of the agency shows that FDI projects reported a total disbursement of over US$1.5 billion, up 9.2% against the year-ago period.

Foreign investors injected some US$805 million into 226 newly licensed projects in the period, rising by a staggering 82% in value from a year earlier.

This period also saw 72 operational FDI projects adjusting up their investment capital by some US$340.2 million, equivalent to 74.5% against the year-ago period.

These investors also conducted a total of 489 transactions to contribute capital and acquire shares in local companies with a combined value of roughly US$762 million, up a hefty 114% year-on-year.

New FDI capital was mainly poured into the processing and manufacturing sector, with over US$1.19 billion.

Among the 51 countries and territories with fresh investment in Vietnam, Japan came in first with nearly US$364 million, followed by South Korea with around US$349 million, and China with some US$307 million.

During the period, Hanoi City attracted the most FDI capital, over US$745 million, followed by the southern province of Binh Duong with US$240 million and the northern province of Hai Duong with US$126 million.

As of January 20, the country had had over 27,600 valid projects worth a combined US$340 billion, of which FDI projects accounted for more than US$191 billion, 56.2% of the total.

saigontimes

 

 

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