Capital disbursement by foreign-invested projects reached 465 million USD in January, representing a year-on-year increase of 3.3 percent, the Foreign Investment Agency under the Ministry of Planning and Investment announced on Feb. 7.

At the same time, the flow of foreign direct investment (FDI) in newly-licensed projects dropped by 52.4 percent compared to a year earlier to 211 million USD, while the amount of capital added to existing projects totaled 186.1 million USD, a surge of 183.9 percent against the same period last year.

The northern port city of Hai Phong topped the list of FDI destinations in the period with both newly-registered and additional capital amounting to 123.3 million USD, 31.05 percent of the national figure.

Meanwhile, Ho Chi Minh City, Vietnam’s southern economic hub, licenced 15 new FDI projects valued at 19.9 million USD, up 15.4 percent in project number and 51.5 percent in value compared to a year earlier.

Meanwhile, an additional 3.3 million USD were pumped into two existing projects in the city.

Besides, the city also allowed the establishment of 1,415 businesses with a total registered capital of 7.1 trillion VND (334.2 million USD), up 11 percent in number and 54 percent in value from last year’s January.-VNA