Vietnam attracts over US$4.8 billion in FDI in first four months

09:04, 26/04/2014

Vietnam attracted US$4.855 billion in foreign direct investment (FDI) in the first four months of the year, the Ministry of Planning and Investment's Foreign Investment Agency (FIA) has reported.

Vietnam attracted US$4.855 billion in foreign direct investment (FDI) in the first four months of the year, the Ministry of Planning and Investment’s Foreign Investment Agency (FIA) has reported.

Processing and manufacturing industries tops the list of sectors that received foreign investment
Processing and manufacturing industries tops the list of sectors that received foreign investment

Of the total, US$3.2 billion consisted of registered capital of 390 newly licensed projects, and the balance came from increased capital for 140 ongoing projects.

The FIA said that processing and manufacturing industries topped the list of sectors that received foreign investment, drawing in US$3.6 billion, with 204 newly licensed projects.

Real estate business came second, with an estimated U$392.3 million. It is followed by construction with US$237 million, and health with US$225.93.

An estimated US$4 billion from FDI projects has been disbursed over the last four months, a 6.7% year-on-year increase.

According to the agency, among the 36 countries and territories that have invested in Vietnam, the Republic of Korea ranked first with newly registered and additional capital of US$1.12 billion in the review period, followed by Japan with US$531 million and Singapore with over US$479 million, and British Virgin Islands with more than US$406 million.

The southern province of Binh Duong led other provinces and cities in FDI attraction, followed by Ho Chi Minh City, Dong Nai, Quang Ninh, Tay Ninh and Hai Duong.

(Source:Nhan Dan)