FDI capital makes new record

SGGP
According to the Foreign Investment Agency under the Ministry of Planning and Investment, registered foreign capital reached US$14.59 billion in the first four months of this year, the highest level in the past four years.

Processing and manufacturing industry continued to attract most investments. (Photo: SGGP)

Processing and manufacturing industry continued to attract most investments. (Photo: SGGP)

Of which, 1,082 new projects were granted investment licenses with total registered capital of $5.34 billion, up 50.4 percent over the same period last year. In addition, there were 1,653 transactions of capital contribution and purchase of share by foreign investors with total value of $5.68 billion, three times higher compared to the same period last year, accounting for 52.6 percent of total registered capital.
Processing and manufacturing industry continued to attract most investments with total capital of nearly $10.5 billion, accounting for nearly 72 percent of total registered capital. Real estate ranked second with $1.1 billion, making up 7.5 percent of total capital. Wholesale and retail sector came in third with $742.7 million, composing 5 percent of total capital.

There were 395 projects asking to increase investment capital with total additional investments of $2.11 billion, equal to 94 percent over the same period last year.

Hong Kong (China) led the list of investors in Vietnam with investment capital hitting $4.7 billion, accounting for 32.5 percent of total capital. South Korea and Singapore followed with $1.98 billion and $1.87 billion respectively.

Ha Noi lured most FDI capital with more than $4.47 billion, comprising of 30.6 percent of total investment capital. Ho Chi Minh City was the runner up with $2.37 billion and Binh Duong Province ranked third with more than $1 billion.

By Anh Phuong – Translated by Thuy Doan

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