FDI attraction numbers $3.4 billion in first two months

Foreign direct investment (FDI) capital totaled US$3.4 billion in the first two months this year, a year on year increase of 21.5 percent, reported the Foreign Investment Agency under the Ministry of Planning and Investment.

At the fruit counter in a supermarket, HCMC. Retail together with wholesale is the third largest field in FDI attraction in the first two months this year (Photo: SGGP)

Of the total, over $2 billion came from 300 newly established projects. It is estimated that FDI projects have disbursed $1.55 billion, a slight increase over the same period last year.

Some big projects licensed during the first two months comprise $284 million Vietnam Singapore Industrial Park in Binh Duong province, $220 million polyester and synthetic fiber plant Billion Vietnam in Tay Ninh province, $220 million tire plant KTV-1 in Binh Duong, a $150 million infrastructure project at Lan Son Industrial Park and $150 million plastic plant Khai Hong Viet in Bac Giang.

Processing and manufacturing drew as high as $2.5 billion accounting for 73.4 percent of total FDI capital. The second largest was real estate with $354 million, accounting for 10 percent and the third position went to wholesale and retail.

Binh Duong province attracted most FDI capital with the registered funds of $791 million accounting for 23 percent of total, followed by Hanoi with $519 million accounting for 15 percent and HCMC with $464 million making up 13 percent.

By Han Ni – Translated by Hai Mien

Other news

Most view


VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


Vocarimex plans to expand export markets

The Vietnam Vegetable Oil Industry Corporation -Vocarimex (code: VOC) has set its target the 2018 revenue will reach VND 4,8trillion, an increasing of 9 percent compared to 2017 and pre-tax profit target will be VND 300 billlion ($ 13 million), dividend payment ratio at 12 percent.


Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

DIG issue 14 million shares

Development Investment Construction Joint Stock Corp (DIG)’s shareholders have approved its plan to issue 14.3 million shares in the second and third quarters of 2018.