Vietnam attracts USD5.46-billion in FDI in first two months
Vietnam has pulled in a total of USD5.46 billion worth of foreign direct investment (FDI) in the first two months of this year, down 15.6%, reported the Ministry of Planning and Investment.
Of the sum, USD3.31 billion came from 126 newly-licensed projects, down 33.9% on-year. Meanwhile, the remainder of USD1.61 billion was from the capital rise of 115 existing projects, up 2.5 times higher than the same time last year.
Vietnam attracts USD5.46-billion in FDI in the first two months of this year
During the two-month phase, foreign investors poured capital in 17 sectors, with processing and manufacturing topping with over USD3 billion,
accounting for 55.7%. The runners-up are power production and distribution with USD1.44 billion (26.5%), real estate USD485 million and science-technology roughly USD153 million.
Among 46 countries and territories investing in Vietnam between January and February, Japan took the lead with USD1.64 billion, or 30% of the total. Singapore came next with USD1.07 billion (19.6%) and South Korea third with USD1.05 billion (19.3%).
The southern city of Can Tho attracted the biggest FDI between January and February with USD1.31 billion, making up 24.2% of the total. It was followed by Hai Phong City USD918 million or 16.8 percent. Bac Giang came third with nearly USD573 million.
Vietnam saw total FDI disbursement of roughly USD2.5 billion during the phase, up 2% on-year.
Leave your comment on this story