Vietnam's foreign direct investment rises by 119% in the first quarter
The Foreign Investment Agency (FIA) announced that foreign investors have registered to pour 4.026 billion USD into Vietnam in the first quarter of this year, increasing by 119% against the same period last year.
According to the statistics of the agency, in January-March, the Republic of Korea (RoK) led the top largest investors in Vietnam with 888.6 million USD, accounting for 22% of the nation’s total foreign direct investment (FDI).
They were followed by those from Singapore and Taiwan with 554 million USD and 466 million USD, respectively.
The FIA revealed that up to 473 new foreign-invested projects, totalling 2.74 billion USD, received investment certificates during the reviewed period, up 125% year-on-year. Besides, 203 operating projects registered to raise capital by 1.29 billion USD, up 107% on-year.
Meanwhile, FDI disbursement also reached 3.5 billion USD, rising by 15% compared to the same period last year.
In the first three months, foreign investors injected their capitals into 19 sectors. Of these, the manufacturing and processing industry draw the biggest FDI with 2.9 billion USD, accounting for 72.2% of the total FDI pledged in the country.
The real estate industry ranked second with about 240 million USD, equivalent to 6%. The entertainment industry come third thanks to one large-scale project, valued at approximately 211 million USD, representing 5.2% of the country’s total FDI.
The southern province of Dong Nai surpassed Hanoi city to become the most attractive destination for foreign businesses as it absorbed 585 million USD in investments, totalling 14.5% of FDI registered in Vietnam.
Bac Ninh and Binh Duong provinces came second and third with 398 million USD or 9.8%, and 371 million USD or 9.2%, respectively.
They were followed by those from Singapore and Taiwan with 554 million USD and 466 million USD, respectively.
The FIA revealed that up to 473 new foreign-invested projects, totalling 2.74 billion USD, received investment certificates during the reviewed period, up 125% year-on-year. Besides, 203 operating projects registered to raise capital by 1.29 billion USD, up 107% on-year.
Photo for illustration.
|
In the first three months, foreign investors injected their capitals into 19 sectors. Of these, the manufacturing and processing industry draw the biggest FDI with 2.9 billion USD, accounting for 72.2% of the total FDI pledged in the country.
The real estate industry ranked second with about 240 million USD, equivalent to 6%. The entertainment industry come third thanks to one large-scale project, valued at approximately 211 million USD, representing 5.2% of the country’s total FDI.
The southern province of Dong Nai surpassed Hanoi city to become the most attractive destination for foreign businesses as it absorbed 585 million USD in investments, totalling 14.5% of FDI registered in Vietnam.
Bac Ninh and Binh Duong provinces came second and third with 398 million USD or 9.8%, and 371 million USD or 9.2%, respectively.
14:43, 2024/11/18
Aircraft manufacturer Embraer seeks comprehensive aviation partnership with Vietnam
The Vietnamese leader urges the aircraft manufacturer to collaborate on technology transfer, airport construction and operation, research, and investment in Vietnam.
21:55, 2024/10/22
Better links with FDI firms to support Hanoi businesses
Hanoi will continue to focus on quality projects, especially with partners such as Japan, the United States, and Europe to boost technology transfer.
15:24, 2024/09/24
Vietnam calls for more US investment in innovation, hi-tech
The Vietnamese leader called on relevant agencies to resolve any challenges faced by investors and enhance the investment climate to encourage greater US investment in Vietnam.
14:13, 2024/09/23
Vietnamese leader urges Boeing to build production facility in Vietnam
Boeing is committed to continuing to support the development of Vietnam's aviation ecosystem, focusing on aviation infrastructure, human resources training, airport construction, and aircraft maintenance facilities.
14:38, 2024/09/17
Foreign capital pouring into Vietnam's real estate market
Experts are optimistic that the 2024 Land Law, once enacted, will help resolve legal bottlenecks and attract more FDI.
16:27, 2024/08/24
Vietnam news in brief - August 24
Read The Hanoi Times to stay up to date on developments in Vietnam.
- Growing number of FDI firms moving to Vietnam
- Vietnam Gov’t committed to facilitating Adani Group’s US$2-billion port project
- Vietnam Railway proposes US$87 million for Hanoi–Dong Dang railway upgrade
- Vietnam’s North-South high-speed railway to be designed for 350km/h
- Vietnamese gov’t urged to address impact of global minimum tax
- Samsung plans drastic investment increase in Vietnam over next three years