FDI INFLOWS REACH OVER US$10 BILLION IN JAN-MAR PERIOD

As of March 20, foreign direct investment capital inflows to Viet Nam increased by 18.5% to US$10.13 billion, according to Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.

Of the above figure, newly registered capital reached US$7.2 billion, up 30.6% over the same period last year while adjusted capital grew by 97.4% to US$2.1 billion.

Meanwhile, total volume of capital contribution and share purchases by foreign investors stood at US$908 million, or a year-on-year decrease of 58.5%.

The capital inflows were committed in 17 sectors, in which processing and manufacturing took the lead with US$5 billion, accounting for 49.6% of the total investment capital, followed by electricity generation and distribution with US$3.9 billion.

In the reviewed period, Singapore was the biggest foreign investor with nearly US$4.6 billion, or 45.6% of the total registered capital while Japan ranked second with US$2.1 billion, followed by the Republic of Korea with US$1.2 billion.

Noticeably, almost all the investment capital inflows from Singapore and Japan were newly-registered, reported the FIA.

In the first quarter, 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 disbursed volume of FDI capital was estimated at US$4.1 billion, up 6.5% in comparison to the same period last year.

As the national economy began gradual recovery, export value of the foreign-invested sector rose by 27.5% to US$58.59 billion, making up 76.4% of the total export turnover.

The sector’s import turnover was estimated at US$49.8 billion, an year-on-year increase of 30.3 % against the same period last year and accounting for 66.8% of the nation’s total import volume.

Source: VGP