Vietnam attracts $12 bln in FDI in four months

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The four-month figure shows the FDI inflow is slowing down, says the FIA.

However, the agency notes that the average size of newly licensed projects and projects registering to adjust their capital increased by less than $7 million a project in comparison with the same period in 2020.

In addition, the past four months saw FDI projects disburse $5.5 billion, up 6.8% over the same period, thanks to the recovery of production and business operations.

Vietnam attracts $12 bln in FDI in four months. Photo: VOV

Currently, Vietnam has 33,463 valid foreign investment projects with a total registered capital of $394.9 billion. These projects disbursed $238.36 billion, or 60.4% of the total valid registered investment capital, VOV reported.

Foreign direct investment (FDI) inflows to Viet Nam expanded by 18.5 percent to $10.13 billion in the first three months of this year, the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment said.

Of the figure, newly registered capital reached $7.2 billion, up 30.6 percent year-on-year, while adjusted capital increased by 97.4 percent to $2.1 billion.

Meanwhile, capital contribution and share purchases by foreign investors stood at $908 million, down 58.5 percent from the same period last year.

The capital inflows cover 17 sectors, in which processing and manufacturing took the lead with $5 billion, accounting for 49.6 percent of the combined investment, followed by electricity generation and distribution with $3.9 billion.

During the first quarter, Singapore was the top source of FDI pledges, with $4.6 billion, or 45.6 percent of the total registered capital, followed by Japan with $2.1 billion, and the Republic of Korea with $1.2 billion.

Almost all the investment capital inflows from Singapore and Japan were newly registered, reported the FIA.

In the reviewed period, the country granted investment licenses to several big projects, including the $3.1 billion LNG-to-power complex in Long An province and the O Mon II power plant in Can Tho City.

Photo: VOV

The FDI disbursement was estimated at $4.1 billion, up 6.5 percent against the same period last year.

As the national economy began gradual recovery, the export value of the foreign-invested sector rose by 27.5 percent to $58.59 billion, making up 76.4 percent of the total export turnover.

The sector’s import turnover was estimated at $49.8 billion, a year-on-year increase of 30.3 percent against the same period last year and accounting for 66.8 percent of the nation’s total import volume.

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