Vietnam attracts more than US$8 billion FDI in four months

13:07 | 01/05/2018 Investment

More than US$8 billion of foreign direct investment (FDI) capital was registered for investment in Vietnam in the first four months of this year, equivalent to 76.1 pct of the same period in 2017, according to an announcement by the Foreign Investment Agency (FIA), under the Ministry of Planning and Investment.

In the January-April period, 883 FDI projects were licensed with a total registered capital of US$3.55 billion

As of April 20 this year, approximately US$5.1 billion worth of FDI capital had been disbursed, up 6.3 pct compared to the same period in 2017.

In the four-month period, the FDI sector posted a total export revenue (including crude oil) of US$53.48 billion, an increase of 18.9 pct over the corresponding period in 2017, accounting for 72.5 pct of Vietnam’s total export revenue.

Meanwhile, the total import revenue of the FDI sector was estimated at US$42.31 billion, up 9.3 pct over the same period of 2017, which accounts for nearly 60.1 pct of Vietnam’s total import revenue.

In the January-April period, 883 FDI projects were licensed with a total registered capital of US$3.55 billion, equivalent to 76.1 pct of the same period last year, while 303 currently operating projects registered to expand their capital, with the total supplemented capital amounting to US$2.24 billion, equivalent to 51.5 pct of the same period in 2017.

In the first four months of this year, foreign investors have spent US$2.26 billion purchasing equity and contributing capital to projects, up 67 pct over the same period last year.

Investors from 82 countries and territories have invested in Vietnam, with the Republic of Korea (RoK) ranking first in terms of investment capital on US$2.32 billion, accounting for 28.7 pct of total foreign investment in Vietnam. It was followed by Japan and Singapore.

Theo NDO