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Vietnam's foreign direct investment rises by 119% in the first quarter
Thu Minh 17:22, 2016/03/28
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.
 
Photo for illustration.
Photo for illustration.
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.
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