FDI inflow into Vietnam up 13.4%

By VNA   March 27, 2024 | 09:47 pm PT
FDI inflow into Vietnam up 13.4%
Container trucks seen at Tan Vu Port in Hai Phong City. Photo by VnExpress/Giang Huy
Vietnam had attracted $6.17 billion in foreign direct investment (FDI) as of March 20, a year-on-year rise of 13.4%, according to the Foreign Investment Agency under the Ministry of Planning and Investment.

Specifically, in the period, 644 new projects with total registered capital of $4.77 billion were granted investment certificates, up 23.4% in the number of projects, and 57.9% in value year-on-year.

A total of $934.6 million was registered to be added to 248 existing projects and $466.2 million earmarked for stake purchase and capital contribution.

The disbursed foreign investment rose by 7.1% in the first quarter to reach $4.63 billion, a signal that the disbursement will continue the positive trend, the agency said.

Foreign investors poured capital into 17 out of 21 economic sectors, among which, the manufacturing and processing industry took the lead with total registered capital of $3.93 billion, a slight decrease of 1.3% from the same period last year.

The real estate sector came second with total registered capital of $1.58 billion, 2.1 times higher than the figure of the same period last year, followed by the wholesale and retail industry and science and technology with investment of $224.8 million and $190.2 million, respectively.

The foreign investment influx came from 62 countries and territories. Singapore was the biggest investor in Vietnam in the period with total registered capital of over $2.55 billion, up by 51.3%, followed by Hong Kong with $1.05 billion, 2.3 times higher.

The capital city of Hanoi was the top FDI destination with an influx of $970.8 million, rising by 6.1 times over the same period last year, followed by northern Bac Ninh province with $745.2 million.

 
 
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