FOREIGN INVESTMENT INFLOWS REACH OVER US$5 BILLION IN FIRST TWO MONTHS

Viet Nam has attracted US$5.46 billion in foreign direct investment in the first two months this year, equal to 84.4% of the same period last year, according to the Foreign Investment Agency under the Ministry of Planning and Investment.

Of the above figure, foreign investors committed to pouring US$3.31 billion in 126 new projects, down 74.8% and down 33.9% in terms of the number of projects and capital volume, respectively.

Meanwhile, capital adjustment rose by 2.5 times to US$1.61 billion.

The total value of capital contributions and share purchases decreased by 34.4% to US$543.1 million in the reviewed period.

The volume of realized FDI witnessed a year-on-year increase of 2%, reaching US$2.5 billion.

The processing and manufacturing took the lead in luring FDI among 17 sectors with US$3 billion, accounting for 55.7%, followed by electricity production and distribution with US$1.44 billion real estate US$485 million and science-technology US$153 million.

Among 46 nations and territories investing in Viet Nam, Japan ranked first with US$1.64 billion, accounting for 30%. Singapore and the Republic of Korea occupied the second and third position with US$1.07 billion and US$1.05 billion, respectively.

Foreign investors poured investment in 43 localities in Viet Nam, with Can Tho City luring (US$1.31 billion), Hai Phong City (US$918 million) and Bac Giang Province (US$573 million).

Source: VGP