FDI increase in January

Vietnam attracted a total foreign direct investment (FDI) of USD1.42 billion in January, up 6.6% on-year, according to the Ministry of Planning and Investment (MPI).

Vietnam attracted a total foreign direct investment (FDI) of USD1.42 billion in January, up 6.6% on-year, according to the Ministry of Planning and Investment (MPI).

Of the sum, USD1.24 billion came from 175 newly-approved projects, while the rest is from increased investment into existing FDI projects.

 

Real estate among the sectors which topped FDI attraction in January.

The MPI reported that the FDI disbursement reached USD850 million in January 2017, up 6.3% against the same period of 2016.

Manufacturing and real estate topped FDI attraction in January.

In January 2017, out of 31 countries and territories with renewed FDI projects in Vietnam, Singapore ranked the first with USD416.7 million, accounting for 33.5%, followed the Republic of Korea USD347.8 million and China with USD310.1 million.

Binh Duong Province was top in attracting FDI in the month with USD666.2 million, followed by the northern province of Bac Giang with USD159.5 million.