FDI inflow to Vietnam up 125.2 percent in first quarter

The foreign direct investment (FDI) inflow to Vietnam in the first quarter rose to US$2.74 billion, up 125.2 percent compared to the same period last year reported the Foreign Investment Agency under the Ministry of Planning and Investment.

Across the country, by March 20, authorities have granted licenses to 473 new FDI projects worth US$2.74 billion. In addition, 203 other projects had increased its investment by US$1.28 billion, an increase of 107 percent compared to the same period last year.

Totally, fresh investment and increased investment are worth US$4.02 billion, up 119.1 percent compared to the same period last year.

It is estimated that FDI projects disbursed over US$3.5 billion, 14.8 percent higher than that last year.
There are 216 projects of industry processing and machinery, helping a surge of US$2.9 billion, accounting for 72.2 percent of total registered investment.

The second sector attract FDI project is realty with 11 new projects, making total investment increase by US$239.78 million, accounting for nearly 6 percent of total registered investment.

By Yen Lam – translated by Uyen Phuong

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