Viet Nam attracts nearly US$11 bln in FDI in first quarter
VGP - Viet Nam attracted US$10.98 billion in foreign direct investment (FDI) in the first quarter of the year, a year-on-year increase of 34.7 percent, reported the Foreign Investment Agency (FIA) under the Ministry of Finance.
The above figure includes US$4.33 billion in newly-registered capital, down 31.5 percent from the same period last year.
Foreign investors increased investment capital by US$5.16 billion in 401 existing projects, 5.1 times higher than that of the same period last year in terms of capital.
Meanwhile, capital contributions and share purchases increased 83.7 percent to more than US$1.49 billion.
The disbursed volume of FDI reached about US$4.96 billion, up 7.2 percent againts the same period last year.
In the reviewed period, foreign investors invested in 18 out of the 21 economic sectors. Among them, the manufacturing and processing industry took the lead with over US$6.79 billion, accounting for 61.9 percent of the total FDI inflows.
Real estate came second with over US$2.39 billion, capturing 21.8 percent of the total and 44.1 percent higher than the same period last year.
It was followed by professional, scientific and technological activities, and wholesale and retail trade, with over US$591 million and more than US$272 million, respectively.
Among 73 countries and territories investing in Viet Nam during the January-March period, Singapore was the largest foreign investor, with over US$3 billion, or 27.6 percent of the total. South Korea ranked second with nearly US$2.04 billion, followed by China, Japan, and Taiwan.
Foreign investment continued to flow into cities and provinces with more advantages in infrastructure, human resources, administrative procedures, and good investment promotions such as Bac Ninh (US$1.9 billion), Ho Chi Minh City (US$1.43 billion) and Ha Noi (US$1.42 billion)./.
