FDI capital disbursement in four months reaches USD4.7 billion

Disbursed foreign direct investment (FDI) capital in the first four months was estimated to reach USD4.7 billion, a year-on-year rise of 12%, reported the General Statistics Office (GSO).

Processing and manufacturing industry topped FDI attraction in Vietnam in the four months.

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According to GSO, as of April 20th, 2016, total registered and increased FDI capital of newly-licensed and operating projects posted more than USD6.8 billion, up 85% over a year earlier. This included USD5.08 billion from 697 newly-licensed projects, up 89.9% in capital and 55.6% in number of project, and over USD1.8 billion from 314 existing projects.

In the four months, the manufacturing and processing industry attracted the most FDI capital at more than USD5.2 billion, making up 76.2% of the total registered capital.

It was followed by specialized activities, science and technology with USD334.6 million (4.9%); wholesale, retail, auto and motor repairing with USD242.5 million (3.5%), and the remaining sectors with over USD1.06 billion (15.4%).

As many as 41 provinces and centrally-governed cities had newly-licensed FDI projects in the four months, with Hai Phong taking the lead at over USD1.5 billion, making up 31.3% of the total.

Following it were Hanoi with USD595.5 million (11.7%); Binh Duong, USD329 million (6.5%); Bac Ninh, USD309.3 million (6,1%); and Dong Nai, USD268.9 million (5.3%).

Among 45 countries and territories with newly-licensed projects in Vietnam, the Republic of Korea was the biggest investor with over USD2.4 billion, accounting for 48.8%; followed by Singapore, USD502.1 million (9.9%) and Taiwan-China, USD430 million (8.5%)./.

VNF