In January, 40 new projects were licensed totaling US$ 211 million, equal to 47% of the corresponding figure last year.

Six existing projects registered an additional US$ 186 million, up 183% compared to the previous year.

They include a Singaporean-invested VSIP Hai Phong project to supply urban management and industrial services, and a Midea Consumer Electric Vie Nam-invested project to produce electric equipment and components in Binh Duong province. 

FDI disbursement rose 3.3% in the reviewed period to around US$ 465 million.

The FDI sector’s exports (including crude oil) were valued at approximately US$ 6.78 billion, equal to 90.8% of last year’s figure and accounting for 65.83% of the country’s total export value.

Processing and manufacturing industry took  the lead with 25 projects capitalized at US$ 189.04 million; closely followed by real estate and logistics with US$ 176.33 million and US$ 17.05 million, respectively.

Singapore topped the list of foreign investors in Viet Nam in January, pouring in US$132.65 million.

It was followed by the Republic of Korea with US$ 88.8 million and Hong Kong US$44 million.

Hai Phong city was the biggest FDI attractor with US$123.3 million or 31.05% of the total.

Binh Duong and Ba Ria-Vung Tau came in second and third, with US$ 71.32 million and US$ 61.54 million, respectively.