FDI attraction surge sharply

WEDnesday - 01/05/2024 18:04

As of February 20, 291 projects worth over US$1.9 billion landed Viet Nam, up 96.6% in number and 167.5% in value against the same period last year, said the General Statistics Office (GSO).

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Meanwhile, 137 projects got additional capital valuing US$898.3 million.

Total newly-registered and additional capital amounted over US$2.8 billion, posting a year-on-year growth of 135%.

The processing and manufacturing industries absorbed US$1.9 billion (accounting for 71.2%); arts and entertainment with US$210.6 million (7.5%); others with US$597.8 million (21.3%).

The capital city of Ha Noi attracted the largest amount of FDI with US$242.4 million (12.7% of total); followed by Bac Giang with US$206.1 million (10.8%); Bac Ninh with US$200.6 million (10.5%).

Singapore was the biggest investor in Viet Nam by pouring US$435.2 million (22.8%). Malaysia and the Republic of Korea invested US$233.2 million (12.2%) and US$202.4 million(10.6%), respectively./.