DTiNews
  1. VIETNAM TODAY

FDI attraction hits nearly US$11 billion in Q1

Vietnam recorded US$10.98 billion in FDI during the first quarter of the year, representing a year-on-year rise of 34.7%, according to the Foreign Investment Agency under the Ministry of Finance.

Of the figure, additional capital reached US$5.16 billion, and investment through capital contribution and share purchase totaled US$1.48 billion, showing significant growth of 407% and 83.7% respectively compared to the previous year.

However, newly registered capital decreased by 31.5%, amounting to just over US$4.33 billion, and the decline was mainly due to the absence of large-scale projects.

Foreign financiers pumped their capital into 18 out of 21 economic sectors, with industrial processing and manufacturing taking the lead by attracting more than US$6.79 billion, an annual rise of 26%.

Real estate ranked second with US$2.39 billion, followed by science and technology with US$591 million, and wholesale and retail with US$272 million.

Singapore topped the list of 73 countries and territories investing in Vietnam with over US$3 billion, followed by the Republic of Korea with nearly US$2.04 billion.

Moreover, foreign investors channeled their investments into 50 provinces and cities nationwide throughout the reviewed period. Bac Ninh made up the largest recipient with around US$1.9 billion, occupying 17.3% of the country’s total investment and representing a 2.1-fold rise from the same period last year. Others among the top five recipients were Ho Chi Minh City, Hanoi, Dong Nai, Ba Ria-Vung Tau, and Ha Nam.

Also, over the past three months the disbursement of FDI capital reached US$4.96 billion, representing yearly growth of 7.2%.

Source: VOV
More news
Air pollution persists in Hanoi

Air pollution persists in Hanoi

Air pollution in Hanoi worsened on Friday, with the capital ranking as the world’s second most polluted city in the morning, air-quality data showed.
Loading...