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Vietnam lures 5.46 billion USD in foreign investment

As much as 5.46 billion USD worth of foreign direct investment (FDI) was injected into Vietnam as of February 20, equivalent to 84.4 percent of the figure recorded in the same time last year, according to the Ministry of Planning and Investment.
Vietnam lures 5.46 billion USD in foreign investment ảnh 1As much as 5.46 billion USD worth of foreign direct investment (FDI) is injected into Vietnam as of February 20. (Photo: VNA)

Hanoi (VNA) - As much as 5.46 billion USD worth of foreign direct investment (FDI) was injected into Vietnam as of February 20, equivalent to 84.4percent of the figure recorded in the same time last year, according to theMinistry of Planning and Investment.

As many as 126 foreign projects were granted investment licences with total registeredcapital of 3.31 billion USD, a year-on-year fall of 33.9 percent.

Meanwhile,115 existing projects adjusted their investment capital with a total additionalsum of 1.61 billion USD, or 2.5 times higher than the same time last year.

Capital contributions and shares purchases by foreign investors stood at 543.1million USD, down 34.4 percent.

Foreign investors pumped capital in 17 sectors, with processing and manufacturing holding the lead with over 3billion USD or 55.7 percent, followed by power production and distribution with 1.44 billionUSD (26.5 percent), real estate 485 million USD, and science-technology nearly 153 millionUSD.

Japan topped the list of 46 countries and territories landing investment inVietnam, with 1.64 billion USD, equivalent to nearly 30 percent of the total.Singapore came second with 1.07 billion USD (19.6 percent), and the Republic of Korea thirdwith 1.05 billion USD (19.3 percent).

The ministry said the southern province of Can Tho lured the lion’s share ofFDI with 1.31 billion USD, accounting for 24.2 percent of the total. Hai Phongcity was the runner-up since it attracted nearly 918 million USD, or 16.8percent. Bac Giang came third with nearly 573 million USD (10.5 percent).

So far this year, the foreign-invested sector has earned 38.07 billion USD from exports, up34 percent year-on-year, and making up 76.1 percent of the nation’s totalexport turnover. At the same time, it spent 31.6 billion USD on imports, up31.2 percent year-on-year, and accounting for 66.6 percent of the country’stotal import value. That resulted in a trade surplus of nearly 6.5 billionUSD./.
VNA
#foreign direct investment (FDI) #Vietnam #Ministry of Planning and Investment #investment licences #foreign-invested sector #trade surplus #Vietnam News Agency #Vietnamplus
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