FDI flows up 67.1% in January

VGP – As of January 20, Viet Nam disbursed US$505 million in Foreign Direct Investment (FDI), up 8.6% compared to the same period last year, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.

January 26, 2015 5:15 PM GMT+7

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The FDI sector’s exports (including crude oil) hit US$8.49 billion in January, a year-on-year increase of 8.2% and accounting for 66.8% of the country’s total exports revenue.

The sector’s imports are estimated at US$7.8 billion, up 41.4% and making up 57.8% of the country’s total imports.

Accordingly, the FDI sector enjoys a trade surplus of US$690 million in January.

Foreign investors poured US$392.18 million in 44 newly-registered projects, up 85.5%. A total number of 19 projects were added the capital of US$271.26 million, up 45.8% in the reviewed time.

In January this year, the total newly-registered and additional capital is estimated at US$663.44 million, up 67.1%.

The processing and manufacturing industries topped the list among 11 sectors attracted FDI capital in January with 18 projects, followed by the wholesale and retail, electricity and water supply sectors.

Fifteen countries and territories invested in Viet Nam in the reviewed period. British Virgin Islands is the largest FDI provider with US$331.32 million, followed by the Republic of Korea and Hong Kong (China).

In term of attracting the FDI, Ho Chi Minh City took the lead among 13 provinces and cities, followed by Binh Duong Province and Hai Phong City.

By Thuy Dung