New FDI into Vietnam Reaches over US$2.8Bln in Jan-April

Vietnam has licensed 291 fresh foreign direct investment (FDI) projects so far this year, worth a total registered capital of US$2.86 billion, reported the government’s General Statistics Office (GSO).

 

The capital represents a rise of 49.5 per cent in capital and 46.2 per cent in project number compared to last year’s figures of US$1.91 billion and 199 projects.

 

Among the sectors, heavy industry took the lead with US$1.06 billion for 60 projects, followed light industry with over US$542.8 million for 84 projects, tourism industry US$387.3 million for eight projects, services with US$318 million for 99 projects, and agro-forestry with US$174 million for 12 projects.

 

Ba Ria Vung Tau was the largest FDI attractor with US$694.6 million. The runners-up were Thua Thien-Hue, Quang Ngai, Binh Duong and Ho Chi Minh City with US$277.1 million, US$260 million, US$239.7 million and US$208.2 million respectively.

 

The capital city Hanoi, with US$109.8 million, was pushed to eighth position behind Binh Dinh and Hai Duong.

 

South Korea topped investors with US$591.5 million for 84 projects. It was followed by India with US$527.2 million, Singapore with US$496.2 million, the US US$166.3 million, Japan US$159.8 million, France US$113 million, Hong Kong US$111.5 million and Taiwan US$100 million.

 

Vietnam is likely to attract a new record foreign direct investment (FDI) this year between US$15-17 billion, said representatives from several major international financial groups at the second Vietnam Investment Forum in Hanoi on March 19. (GSO Apr 25)