Vietnam sees FDI rise to over US$10 billion in Q1

Foreign direct investment (FDI) inflows to Viet Nam expanded by 18.5 percent to US$10.13 billion in the first three months of this year.
March 29, 2021 | 08:33
foreign enterprises promote investment in vietnam in first half of january Foreign enterprises promote investment in Vietnam in first half of January
vietnam attracts more than us 2 bln in fdi in january Vietnam attracts more than US$2 bln in FDI in January
over half of fdi companies in vietnam report losses in 2019 Over half of FDI companies in Vietnam report losses in 2019
4319-fdi
The FDI capital inflows cover 17 sectors in Vietnam. Photo: VOV


Foreign direct investment (FDI) inflows to Viet Nam expanded by 18.5 percent to US$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.

4435-manufacturing
Processing and manufacturing took the lead in FDI attraction, with US$5 billion. Photo: VGP

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 O Mon II power plant in Can Tho City.

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, 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, an 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./.

vietnam attracts more than us 26 bln in fdi in eleven months

Vietnam attracts more than US$26 bln in FDI in eleven months

As of November 20, the total foreign direct investment (FDI) into Vietnam reached US$26.4 billion, equivalent to 83.1% over the same period last year, according ...

ten month fdi attraction of vietnam reaches over us 23 billion

Ten-month FDI attraction of Vietnam reaches over US$23 billion

As of October 20, the total foreign direct investment (FDI) into Vietnam reached US$23.48 billion, equivalent to 80.6% year-on-year, according to a report released by ...

vietnam emerges as fdi hub in asia the eurasian times

Vietnam emerges as FDI hub in Asia: the Eurasian Times

The Eurasian Times has recently run an article, saying Vietnam has emerged as a hub of foreign direct investment (FDI).

Rosy Huong