VN's FDI inflow hits $4.8 bln in first 4 months of 2017
VGP- Viet Nam has attracted $4.8 billion in disbursement of foreign direct investment during the first 4 months of 2017, up 3.2% from a year ago, reports the Foreign Investment Agency.
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The statistics include items such as the expenditures by foreign direct investors to acquire, establish, or expand Vietnamese business, as well as financial statement items and employment of the newly acquired, established, or expanded Viet Nam business enterprises, and are published by country and industry.
The actual inflow, a key foreign exchange source along with overseas remittances, was up 3.2% from the same period last year, the Ministry of Planning and Investment's Foreign Investment Agency said in a monthly report.
Foreign investors have committed to a total investment of $4.88 billion in 734 new FDI projects during the period, down 4% from a year ago, the report said. Additional funds to existing projects were estimated at $4.4 billion as of April 20.
This month mining has overtaken real estate in terms of committed funding, led by a newly licensed natural gas pipeline project worth $1.27 billion in the oil and gas sector.
Most of the new pledges still went to the manufacturing and processing sector, a trend seen over the past 5 years. The sector alone has attracted $7.36 billion in FDI pledges and additional funds.
By Vien Nhu
