19:02 (GMT +7) - Thursday 08/12/2016

Vietnam Today

Jan-Apr FDI up 85% y-o-y

Released at: 16:05, 05/05/2016

Jan-Apr FDI up 85% y-o-y

Processing and manufacturing industry leading in FDI attraction.

Nearly $7 billion in FDI registered between January and April.

by Hong Nhung

Total foreign direct investment (FDI), both newly-registered and additional, reached nearly $6.88 billion in the first four months of the year, a year-on-year increase of 85 per cent, according to the General Statistics Office. Disbursed capital was $4.7 billion, up 12 per cent compared to last year.

Newly-registered FDI capital was $5.08 billion, up 89.9 per cent year-on-year, in 697 projects, up 55.6 per cent, as at the end of April. There were also 314 existing projects that added capital, by $1.8 billion in total.

Processing and manufacturing attracted the most FDI capital, of $5.25 billion, or 76.2 per cent of the total. Following was science and technology, with $334.6 million, or 4.9 per cent, and automobile and motorbike retail, wholesale and repair with $242.5 million, or 3.5 per cent.

Forty-one cities and provinces received new FDI projects between January and April, led by Hai Phong city with $1.59 billion, or 31.3 per cent of the total. Hanoi followed, with $595.5 million, or 11.7 per cent, then Binh Duong with $329 million, or 6.5 per cent, Bac Ninh with $309.3 million, or 6.1 per cent, and Dong Nai with $268.9 million, or 5.3 per cent.

Of the 45 countries and territories with newly-registered projects in Vietnam, South Korea led with $2.48 billion, or 48.8 per cent of the total, followed by Singapore with $502.1 billion, or 9.9 per cent, and Taiwan, Japan, Malaysia and China with $430.1 million, $307 million, $248.1 million and $177.5 million, representing 8.5 per cent, 6 per cent, 4.9 per cent, and 3.5 per cent of the total, respectively.

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