HCMC continues leading FDI attraction in first month of 2018

Twenty four provinces and cities in Vietnam received new foreign direct investment (FDI) projects in January. Of them, HCMC had the largest registered capital with US$86.2 million, accounting for 19.5 percent of the country’s total.

Processing and manufacturing continues receiving new FDI projects in January 2018

Processing and manufacturing continues receiving new FDI projects in January 2018

According to the Ministry of Planning and Investment, HCMC is followed by Nam Dinh province with $80.2 million accounting for 18.1 percent, Ninh Thuan with $60 million, Binh Duong $36.2 million, Long An $35.2 million, Bac Giang $27.3 million and Hanoi $25.7 million.
As of January 20, FDI capital to Vietnam including newly registered and additional capital reached $899.4 million, down 36.8 percent over the same period last year.
Of these, there are 166 newly licensed projects with registered capital reaching US$442.6 million, down 5.1 percent in the number of projects and 64.4 percent in capital.
Asides from that, 61 projects supplemented $442.6 million in registered capital, raising 155 percent compared to the same period last year; 415 capital contributions and share purchases by foreign investors with the total value of $356 million, increasing 54.7 percent.
New FDI projects concentrated in processing and manufacturing sector with the registered capital of $330.6 million, accounting for 74.7 percent of total. Electricity production and distribution, gas, hot water, steam and air conditioners reached $60 million making up 13.5 percent. The remaining industries touched $52 million accounting for 11.8 percent.
In 23 nations and territories worldwide having newly licensed projects in Vietnam in January, Singapore is the largest investor with $147.7 million making up 33.4 percent. the second and third largest ones are South Korea with $70.4 million and Norway with 70.1 million.
At the next positions are the British Virgin Islands, China, Indonesia and Hong Kong (China) with the total funds of $51.4 million, $20.1 million, $20 million and $16.5 million respectively.

By ANH PHUONG – Translated by Hai Mien

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