A total of 448 new foreign-invested projects, worth more than 2.67billion USD, were licensed during the January-April period, a yearlydecrease of 17.1 percent.
Meanwhile, 167 operating projects werealso given approval to add 1.04 billion USD to their investments, a fallof 35.7 percent over the corresponding period last year.
Accordingto the latest report from the Ministry of Planning and Investment'sForeign Investment Agency, total FDI registered in the country toppedmore than 3.72 billion USD in the reviewed period, equivalent to 76.7percent of the figures for the same period last year.
Foreigninvestors placed their investments in 14 sectors during the period. Ofthese, the manufacturing and processing sector attracted the largestshare of FDI with 2.83 billion USD or 76 percent of the nation's totalFDI.
Estate trading came next with 327 million USD, while wholesale and retail ranked third with 198.6 million USD.
The Republic of Korea remained Vietnam's biggest foreign investor withmore than 9.08 million USD, making up 24.4 percent of the total FDIregistered.
This was followed by Turkey (660 million USD or 17.7percent), British Virgin Islands (509.6 million USD or 13.7 percent) andJapan (374.3 million USD or 10.1 percent).
The southern provinceof Dong Nai was the most attractive destination for foreign investorswith 916.7 million USD in FDI investment, accounting for 24.6 percent ofthe nation's total.
HCM City and the northern port city of HaiPhong came second and third, with 784.9 million USD, or 21.1 percent,and 292.1 million USD, or 7.8 percent, respectively.
The reportnoted that the foreign-invested sector created a trade surplus of morethan 2.71 billion USD in four months as it earned 35.07 billion USD fromexports, up 12.6 percent or equivalent to 70 percent of the country'stotal export turnover. The FDI businesses imported 32.35 billion USDworth of goods, up 27.8 percent.
Since the Law on Foreign Investment was issued in 1987, FDI capital has had great impact on Vietnam's economy.
Ithad mobilised capital for development and promote economic development,said the Director of the National Centre of Socio-economic Informationand Forecasting, Mai Thi Thu.
FDI also helped create conditionsfor the transfer of technology, generated jobs and accelerated thecountry's global integration, she said during a conference in Hanoiearly this month.
Several products produced by foreign-investedbusinesses in Vietnam had established themselves firmly in internationalmarkets, such as telephones, electronic components and garments andtextiles, she said.
Director of the Foreign Investment Agency,Do Nhat Hoang, said FDI helped to strengthen the linkage between foreignand domestic businesses, and assisted Vietnam's economy to integratedeeper into the global economy.-VNA
Meanwhile, 167 operating projects werealso given approval to add 1.04 billion USD to their investments, a fallof 35.7 percent over the corresponding period last year.
Accordingto the latest report from the Ministry of Planning and Investment'sForeign Investment Agency, total FDI registered in the country toppedmore than 3.72 billion USD in the reviewed period, equivalent to 76.7percent of the figures for the same period last year.
Foreigninvestors placed their investments in 14 sectors during the period. Ofthese, the manufacturing and processing sector attracted the largestshare of FDI with 2.83 billion USD or 76 percent of the nation's totalFDI.
Estate trading came next with 327 million USD, while wholesale and retail ranked third with 198.6 million USD.
The Republic of Korea remained Vietnam's biggest foreign investor withmore than 9.08 million USD, making up 24.4 percent of the total FDIregistered.
This was followed by Turkey (660 million USD or 17.7percent), British Virgin Islands (509.6 million USD or 13.7 percent) andJapan (374.3 million USD or 10.1 percent).
The southern provinceof Dong Nai was the most attractive destination for foreign investorswith 916.7 million USD in FDI investment, accounting for 24.6 percent ofthe nation's total.
HCM City and the northern port city of HaiPhong came second and third, with 784.9 million USD, or 21.1 percent,and 292.1 million USD, or 7.8 percent, respectively.
The reportnoted that the foreign-invested sector created a trade surplus of morethan 2.71 billion USD in four months as it earned 35.07 billion USD fromexports, up 12.6 percent or equivalent to 70 percent of the country'stotal export turnover. The FDI businesses imported 32.35 billion USDworth of goods, up 27.8 percent.
Since the Law on Foreign Investment was issued in 1987, FDI capital has had great impact on Vietnam's economy.
Ithad mobilised capital for development and promote economic development,said the Director of the National Centre of Socio-economic Informationand Forecasting, Mai Thi Thu.
FDI also helped create conditionsfor the transfer of technology, generated jobs and accelerated thecountry's global integration, she said during a conference in Hanoiearly this month.
Several products produced by foreign-investedbusinesses in Vietnam had established themselves firmly in internationalmarkets, such as telephones, electronic components and garments andtextiles, she said.
Director of the Foreign Investment Agency,Do Nhat Hoang, said FDI helped to strengthen the linkage between foreignand domestic businesses, and assisted Vietnam's economy to integratedeeper into the global economy.-VNA
