FDI reaches US$3.3 bln in first quarter

VGP – The total newly-registered and additional Foreign Direct Investment (FDI) reached US$3.334 billion in the first quarter of 2014, equal to 50.3% of the same period in 2013.

March 28, 2014 8:32 AM GMT+7

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As of March 20, Viet Nam licensed 252 FDI projects, totaling US$2.046 billion and allowed 82 others on operation to increase a total capital of US$1.287 billion.

The processing and manufacturing sector ranked first in attracting FDI with US$2.332 billion for 141 projects, accounting for 69.9%, followed by the real estate sector with US$288.3 million, accounting for 8.6% and the construction sector with US$226.7 million.

In the first quarter, the Republic of Korea, Japan and British Virgin Islands led 32 countries and territories investing in Viet Nam.

Southern Binh Duong Province ranks first in FDI attraction with US$788.8 million, accounting for 23.66%, followed by Ho Chi Minh City and Dong Nai Province.

The nation has disbursed US$2.85 billion in FDI in the recent three months, a year-on-year increase of 5.6%.

By Thuy Dung