FDI goes up nearly 82 percent in January

SGGP
According to the Foreign Investment Agency under the Ministry of Planning and Investment, there were 226 newly-licensed projects with total registered capital of $805 million by January 20, an increase of 36.1 percent in volume and 81.9 percent in value compared to the same period last year.

Foreign direct investment disbursement is estimated to reach US$1.55 billion in January, up 9.2 percent compared to the same period last year.
Besides, there were 72 existing projects asking to raise an additional capital of $340.3 million, down 25.5 percent compared to the same period last year. Thus, total newly-registered and additional investment capital reached $1.14 billion, up 27.3 percent over the same period last year.
In addition, capital pledged for stake acquisition hit $761.9 million, up 114 percent compared to the same period last year. Of which, there were 72 times of capital contribution that increased charter capital with total capital of $384.91 million and 417 times of stake acquisition without changing charter capital with $376.97 million.
Newly-registered FDI projects mainly focused on processing and manufacturing sector with $591 million, accounting for 73.4 percent of total newly- registered capital; logistics with $65.3 million, accounting for 8.1 percent; water supply and waste water treatment with $59.2 million, accounting for 7.4 percent; and other sectors with $89.5 million, accounting for 11.1 percent.
If included additional investment capital, processing and manufacturing sector has lured $951.7 million in January, accounting for 80 percent of total registered capital.
There were 30 cities and provinces across the country receiving FDI in January, of which, Hai Duong Province ranked first with $124.9 million, followed by Ho Chi Minh City with $32.7 million.
As for investors, Japan was temporarily the largest investor with nearly $364 million, accounting for 19 percent. South Korea was the runner-up with $349.1 million, accounting for 18.3 percent; and China came third with 307.8 million, accounting for 16.1 percent.
At the same time, overseas investment of Vietnamese firms was $1.05 million for four newly-licensed projects and an additional capital of $200,000 for an existing project.


By Anh Phuong – Translated by Thuy Doan

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