Vietnam Business Channel

Vietnam attracts $12.25 Billion USD in new FDI in January to April period

Vietnam has more than 33,000 valid foreign investment projects / Photo courtesy of thanhnien.vn.

A new report from the Ministry of Planning and Investment’s Foreign Investment Agency (FIA) states that Vietnam attracted $12.25 billion USD in foreign direct investment (FDI) in the period of January 1 ~ April 20, equivalent to 99.3% of the FDI investment in the same period last year.

The agency also reported that the average size of newly licensed projects and those registering to adjust their capital increased by more than $6 million per project.

In the January to April report period, FDI projects disbursed $5.5 billion USD into the economy, an increase of 6.8% compared to the same period last year, due to the recovery of production and business operations.

The FIA’s report also show that Vietnam currently has 33,463 valid foreign investment projects with total registered capital of $394.9 billion USD. To date, these projects disbursed 60.4% of their total investment capital - $238.36 billion USD.

2021 trends look strong, with FDI inflows expanding by 18.5% to $10.13 billion USD in the first three months of this year.

The FIA’s report on capital inflows monitors 17 sectors, in which processing and manufacturing took the lead with $5.2 billion USD, accounting for 42.4% of the combined investment, followed by electricity generation and distribution with $5.1 billion USD. Property and retail sectors accounted for $778 million USD and $464 million USD, respectively.

Other key figures:
• There are 67 countries and regions with newly licensed investment projects in Vietnam

• Singapore was the largest source of registered capital (39.6%) with $4.8 billion USD

• Japan was the second largest source of registered capital (20.5%) at $2.5 billion USD

• South Korea was the third largest source of registered capital (12.1%) at $1.5 billion USD

• Foreign investors have invested in 53 provinces and cities nationwide

• Long An Province was first and received $3.3 billion USD of capital

• Can Tho was second with $1.3 billion USD of capital

• Ho Chi Minh City was third with $1.1 billion USD of capital

 

 

 

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