Vietnam attracted a record FDI level of 14.59 billion USD in the first four months of the year. (Photo: cafef.vn) Hanoi (VNA) - Foreign direct investment (FDI) inVietnam witnessed a significant yearly increase of 81 percent to 14.59billion USD in the first four months of the year, according to the Foreign Investment Agency(FIA) under Ministry of Planning and Investment.
The result is the highest in the past four years.
FDI disbursement also rose by 7.5 percent from the same period last year toreach 5.7 billion USD.
Up to 1,082 new projects were granted licences with total registered capital of 5.34 billion USD, up 50.4 percent from the same period last year, while 395existing projects receiving an additional 2.11 billion USD, 94 percent of thelevel from the corresponding period last year.
Meanwhile, capital pledged for stake acquisitions reached 5.68 billion USD, triplethe same period last year, the FIA said.
Foreign investors poured their cash into 19 sectors. Manufacturing andprocessing remained the most appealing sector by attracting 10.5 billion USD,accounting for 72 percent of total investment inflow. It was followed by realestate with 1.1 billion USD (7.5 percent) and wholesale and retail with 742.7million USD (5 percent).
Hong Kong was the leading source of foreign investment with 4.7 billion USD among80 countries and territories investing in Vietnam, nearly 32.5 percent of the country’s totalFDI. The Republic of Korea ranked second with 1.98 billion USD (13.6 percent), and Singaporecame next with 1.87 billion USD (12.8 percent).
In the first four months of the year, Hanoi lured the largest share ofregistered capital with 4.47 billion USD, or 30.6 percent of total investment. Thecapital was followed by HCM City with 2.37 billion USD (16.3 percent) and thesouthern province of Binh Duong with 1 billion USD (7 percent).
Exports (including crude oil) of the foreign sector reached 55.4 billion USD, a 4 percentyear-on-year increase and accounting for 70 percent of the country’s totalexport turnover.
The sector's import turnover in the January-April period rose by 9 percentcompared to the same period last year to 42.3 billion USD, accounting for 58 percentof the country’s total import turnover.
The foreign sector enjoyed a trade surplus of 13.1 billion USD in the four months.-VNA
VNA
