FDI Inflows Reach Over US$10 Billion In Jan-Mar Period
As of March 20, foreign direct investment capital inflows to Viet Nam increased by 18.5% to US$10.13 billion, according to Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.
Processing and manufacturing remains the biggest recipient of foreign direct investment inflows
Of the above figure, newly registered capital reached US$7.2 billion, up 30.6% over the same period last year while adjusted capital grew by 97.4% to US$2.1 billion.
Meanwhile, total volume of capital contribution and share purchases by foreign investors stood at US$908 million, or a year-on-year decrease of 58.5%.
The capital inflows were committed in 17 sectors, in which processing and manufacturing took the lead with US$5 billion, accounting for 49.6% of the total investment capital, followed by electricity generation and distribution with US$3.9 billion.
In the reviewed period, Singapore was the biggest foreign investor with nearly US$4.6 billion, or 45.6% of the total registered capital while Japan ranked second with US$2.1 billion, followed by the Republic of Korea with US$1.2 billion.
Noticeably, almost all the investment capital inflows from Singapore and Japan were newly-registered, reported the FIA.
In the first quarter, the country granted investment licenses to several big projects, including the $3.1 billion LNG-to-power complex in Long An province and O Mon II power plant in Can Tho City.
The disbursed volume of FDI capital was estimated at US$4.1 billion, up 6.5% in comparison to the same period last year.
As the national economy began gradual recovery, export value of the foreign-invested sector rose by 27.5% to US$58.59 billion, making up 76.4% of the total export turnover.
The sector’s import turnover was estimated at US$49.8 billion, an year-on-year increase of 30.3 % against the same period last year and accounting for 66.8% of the nation’s total import volume./.
source: news.chinhphu.vn
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