FDI capital tops $4 billion in first quarter

Foreign direct investment (FDI) capital registered in Vietnam reached US$4.03 billion in the first three months this year, up 119 percent over the same period last year, reported the Foreign Investment Agency under the Ministry of Planning and Investment.

FDI capital to Vietnam exceeds US$4 billion in the first quarter of 2016 (Photo: SGGP)

Disbursement hit US$3.5 billion, a year on year increase of 14.8 percent in the first quarter.

As of March 20, 473 new projects were licensed at the total funds of $2.74 billion, up 77.2 percent in the number of projects and 125 percent in capital volume from a year ago. 203 projects supplemented $1.29 billion in investment capital, up 99 percent and 107 percent respectively.

In March, foreign firms invested in 19 fields. The most attracted one was manufacturing and processing with 216 new projects and 149 capital increase projects. Their capital touched $2.9 billion accounting for 72.2 percent of total registered funds.

South Korea continued to be the largest investor in Vietnam with $888.7 million, followed by Singapore with $554.4 million and Taiwan (China) with $465.6 million.

The most invested provinces were Dong Nai attracting $585.4 million, Bac Ninh $398.2 million and Binh Duong $372 million.

By Anh Phuong – Translated by Hai Mien

Other news

Most view

To ensure efficient divestment, PetroVietnam is working on a number of plans, including consolidating the two companies. (Photo: vietnamfinance.vn)

Merger of two biggest fertiliser firms considered

PetroVietnam is laying out plans to divest capital from the two biggest Vietnamese fertiliser companies – PetroVietnam Fertiliser & Chemicals Corp (DPM) and PetroVietnam Ca Mau Fertiliser Joint Stock Company (DCM) – to submit to authorities for consideration.

Banking-finance

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.


Economy

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

SGN lists 24million shares on HOSE

 Saigon Ground Services JSC (under code: SGN) will list on the Ho Chi Minh City Stock Exchange (HOSE) 24 million shares for the first time starting on August 1st at a reference price of VND 140,000 per share.