Vietnam attracts nearly US$5.8 billion FDI in first quarter

13:31 | 31/03/2018 Economy

The total foreign direct investment (FDI) registered in Vietnam in the first quarter of 2018 reached approximately US$5.8 billion, equivalent to 75.2% of the same period last year, the Foreign Investment Agency (FIA), under the Ministry of Planning and Investment, has announced.

LG Innotek Hai Phong factory has increased the investment capital by US$ 501 million

From the beginning of the year to March 20, 2018, FDI disbursement in the first quarter of the year reached roughly US$3.88 billion, representing a surge of 7.2 percent against the previous year.

Of the total, US$2.12 billion came from 618 newly licensed projects, while the remainder was contributed by 199 currently-operating projects that raised their capital by more than US$1.79 billion in total.

In the first quarter of this year, foreign enterprises have invested in 18 sectors, among which, the manufacturing and processing industries continued to be the top sector, receiving FDI of US$3.44 billion, comprising 59.4 pct of the total registered FDI.

From January to March, 76 countries and territories worldwide were making active investments in Vietnam. The Republic of Korea was the leading investor, with US$1.84 billion, 31.6 pct of the FDI pledged to the country. Hong Kong (China) was runner-up, with US$689 million, while Singapore followed with US$649 million.

Ho Chi Minh City was the top recipient of registered FDI capital at US$1.7 billion, equal to 29.3 pct of the total newly-registered capital, followed by Hai Phong with US$925 million (16 pct), and Binh Duong with US$565 million (9.7 pct).

Vietnam has 23 newly licensed investment projects abroad, with a total capital of US$123.6 million and added US$25.88 million to 5 operating projects in the first quarter of the year.

Theo NDO