VN attracts 89 FDI projects in April

The Foreign Investment Agency has reported that 89 foreign-invested projects worth US$1.17 billion were issued licenses during the month of April. 

Natural Environment Viet Nam Co., Ltd., 100% capital owned by Australia, produces potteries for export in HCMC (Photo: SGGP)

The month also saw a total additional foreign investment of US$485 million from 51 ongoing operational projects.

As much as US$1.08 billion of foreign direct investment (FDI) was disbursed during April, bringing the total amount this year to US$3.62 billion, a year-on-year rise of one percent.

Approximately US$4.024 billion of FDI was pumped into Vietnam since the beginning of this year, down 47.8 percent over the same period last year.

Amongst the 29 countries and territories investing in Vietnam this year, Singapore has emerged as the largest investor with a total registered capital of US$1.128 billion.

Hong Kong (China) stood second with US$521.11 million, followed by Malaysia with US$391.08 million.
Ho Chi Minh City has attracted the largest amount of investments to date this year with US$1.132 billion, more than Ha Noi and the central city of Da Nang, with US$430.48 million and 364.68 million respectively.

By A. Thu – Translated by Hoang Yen

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