FDI attraction up 125.2% in Q1

VGP – As of March 20, 473 new Foreign Direct Investment (FDI) projects were granted with investment certificates with a total registered capital of US$2.74 billion, a year-on-year increase of 125.2%, according to the Foreign Investment Agency, under the Ministry of Planning and Investment.

April 05, 2016 4:32 PM GMT+7

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Meanwhile, 203 operating FDI projects were added US$1.285 billion, up 107%.

These figures brought the total newly-registered and additional capital to US$4.026 billion in the first quarter of 2016, up 119.1%.

In the first quarter, US$3.5 billion in FDI were disbursed, up 14.8% against the same period last year.

The processing and manufacturing took the lead in attracting FDI with US$2.9 billion in 216 projects, accounting for 72.2% of the total.

It was followed by the real estate sector and entertainment and leisure with US$239.78 million and US$210.58 million, making up 6% and 5.2%, respectively.

The Republic of Korea was the largest investor among 40 nations and territories investing in Viet Nam with a total newly-registered and additional capital of US$888.6 million, accounting for 22%.

Singapore and Chinese Taiwan occupied second and third positions with US$554 million and US$465.6 million, making up 13.7% and 11.5%, respectively.

Dong Nai ranked first in drawing in FDI with US$585 million, accounting for 14.5%, followed by Bac Ninh Province and Binh Duong Province with respective figures of US$398 million and US$371 million.

By Thuy Dung