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FDI disbursement up 6.3 per cent y-o-y

Released at: 12:24, 04/02/2017

FDI disbursement up 6.3 per cent y-o-y

Photo: Duc Anh

FDI disbursement up 6.3 % in January.

by Nghi Do

Total disbursement of foreign direct investment as of January 20 this year stood at $850 million, up 6.3 per cent year-on-year, according to the latest report from the Ministry of Planning and Investment (MPI).

New and additional FDI capital totaled $1.42 billion, up 6.6 per cent compared to the same period in 2016.

As of January 20, 175 new projects had been granted investment licenses with a total registered capital of $1.243 billion, up 37.8 per cent in terms of projects and 23 per cent in terms of capital compared to the figures in the same period last year. In addition, 76 existing projects added $179.2 million in capital.

The manufacturing and processing sectors attracted FDI the most, with a total capital of $834.9 million, accounting for 67.1 per cent of the total registered capital in January.

Real estate was second, with a total capital of $297.4 million or 23.9 per cent of the total. The remaining sectors accounted for $111.5 million, or 9 per cent.

Twenty-six cities and provinces received investment, led by Binh Duong province with a new total capital of $666.2 million, or 53.6 per cent. Bac Giang province was second, with $159.5 million, or 12.8 per cent, followed by Ba Ria-Vung Tau province, Ho Chi Minh City, Hai Duong, Tay Ninh, Hanoi, with $108.7 million, $75.2 million, $61.8 million, $32 million and $30 million, respectively.

Foreign investment came from 31 countries and territories, led by Singapore, with an investment of $416.7 million, or 33.5 per cent of the total. South Korea followed, with $347.8 million, or 28 per cent; China with $310.1 million, or 24.9 per cent; Japan with $56.8 million, or 4.6 per cent; Malaysia with $44.1 million, or 3.5 per cent and Samoa with $20 million, or 1.6 per cent of the total.

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