Foreign investors registered US$1.56 billion by February 23, representing 68 percent of the figure in the same period last year, according to the Ministry of Planning and Investment’s Foreign Investment Agency.
The investment includes US$1.47 billion in 93 newly licensed projects and US$86 million of additional capital for 14 existing projects.
The ministry reported FDI disbursement continued to rise. During the period, about US$1.15 billion of FDI has been disbursed, posting a year-on-year increase of 4.5 percent.
Processing and manufacturing industries topped FDI attraction with registered capital of US$1.2 billion in the two-month period, followed by construction with US$71.7 million and retail and wholesale, US$48.8 million.
Ho Chi Minh City led the country in terms of FDI attraction with US$1.1 billion, a more than three-fold increase compared to the same period last year (US$328.3 million).
According to the Chairman of the municipal People’s Committee Le Hoang Quan, by February 18, 34 foreign-invested projects were granted licences, including a US$1 billion solar cell plant in Cu Chi district, while 13 valid projects were permitted to raise capital.
The economic hub was followed by Da Nang city with US$180 million of FDI attraction, Ba Ria-Vung Tau province, US$81.4 million and Dong Nai province, US$47.2 million.
Registered FDI down, disbursement still up
Foreign investors registered US$1.56 billion by February 23, representing 68 percent of the figure in the same period last year.
Source: VNA
