Foreign investment disbursement up 3.2% in first four months

Wednesday, 2017-04-26 04:28:44
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NDO - Disbursed foreign direct investment in 2017 was estimated at US$4.8 billion as of April 20, up 3.2% over the same period last year, according to official figures.

Meanwhile pledges to new and existing projects rose by 40.5% to US$10.95 billion, reported the Foreign Investment Agency under the Ministry of Planning and Investment.

In the first four months of the year, Vietnam granted licences to 734 new foreign-invested projects worth US$4.88 billion, a 4% drop compared to the same period of 2016, while foreign investors registered an additional US$4.36 billion in 345 current projects.

During the period, foreign investors also poured US$1.35 billion in capital contribution and share purchases.

The manufacturing sector remained the largest recipient of foreign investment, accounting for nearly 70% of total pledges, followed by the mining and wholesale and retail sectors.

The Republic of Korea remained the largest foreign investor in Vietnam with US$4.05 billion while Japan and Singapore were the second and third largest providers of invested capital with US$1.85 billion and US$1.1 billion respectively.

In the first four months, Bac Ninh received the largest share of foreign investment at US$2.7 billion.

The southern provinces of Binh Duong and Kien Giang attracted US$1.53 billion and US$1.28 billion to rank second and third respectively.