Business

Four-month FDI totals 12.25 billion USD

In the first four months to April 20, foreign investors pumped 12.25 billion USD in Vietnam, equal to 99.3 percent of the amount recorded in the same period last year.
Four-month FDI totals 12.25 billion USD ảnh 1The processing and manufacturing industry absorbs the largest amount of foreign capital. (Photo: VNA)
Hanoi (VNA) – In the first four months to April20, foreign investors pumped 12.25 billion USD in Vietnam, equal to 99.3percent of the amount recorded in the same period last year. 

Of the amount, nearly 8.5 billion USD was poured into 451 new projects, up 24.7percent in value and down 54.2 percent in project numbers year-on-year.

Meanwhile, more than 2.7 billion USD was added to 263 existing projects, down10.6 percent and 21.5 percent, respectively.

The remaining investment capital, over 1 billion USD, was used for capitalcontribution and share purchases in a total 1,151 transactions.

Foreign investors landed investment in 17 sectors, with processing andmanufacturing absorbing the largest amount of capital (5.2 billion USD),followed by power generation and distribution (5.1 billion USD), real estate(778 million USD), and whole sale and retail sale (464 million USD).

Among 67 countries and territories having investment in Vietnam in the period,Singapore took lead with 4.8 billion USD, Japan came second with more than 2.5billion USD, and the RoK was the third largest investor with 1.5 billion USD.

Localities that attracted the most FDI were Long An (3.3 billion USD), Can Tho(over 1.3 billion USD), and Ho Chi Minh City (1.1 billion USD).

Minister of Planning and Investment Nguyen Chi Dung has required localities toassess FDI enterprises in terms of environmental protection and transferpricing. He also urged local administrations to take caution when consideringforeign investment projects in steel, aluminium and thermal power.

The minister said that the ministry will work to completemechanisms with a view to improving business climate for foreign investors, andset up preferential mechanisms to attract investment into the fields of hightechnologies and source technologies./.
VNA
#foreign investors #new projects #capital contribution #share purchases #processing and manufacturing #real estate #Vietnam News Agency #Vietnamplus
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