Fresh FDI soars in January

12-Feb-2019 Intellasia | The Saigon Times | 6:00 AM Print This Post

Fresh foreign direct investment (FDI) approvals nationwide in the year to January 20 had reached $1.9 billion, a sharp rise of 51.9 percent 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 $1.5 billion, up 9.2 percent against the year-ago period.

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

This period also saw 72 operational FDI projects adjusting up their investment capital by some $340.2 million, equivalent to 74.5 percent 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 $762 million, up a hefty 114 percent year-on-year.

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

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

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

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


Category: Economy, Vietnam

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