FDI attraction hits nearly US$11 billion in Q1

VOV.VN - Vietnam recorded US$10.98 billion in foreign direct investment (FDI) during the first quarter of the year, representing a year-on-year rise of 34.7%, according to the Foreign Investment Agency under the Ministry of Finance.

Of the figure, additional capital reached US$5.16 billion, and investment through capital contribution and share purchase totaled US$1.48 billion, showing significant growth of 407% and 83.7% respectively compared to the previous year.

However, newly registered capital decreased by 31.5%, amounting to just over US$4.33 billion, and the decline was mainly due to the absence of large-scale projects.

Foreign financiers pumped their capital into 18 out of 21 economic sectors, with industrial processing and manufacturing taking the lead by attracting more than US$6.79 billion, an annual rise of 26%.

Real estate ranked second with US$2.39 billion, followed by science and technology with US$591 million, and wholesale and retail with US$272 million.

Singapore topped the list of 73 countries and territories investing in Vietnam with over US$3 billion, followed by the Republic of Korea with nearly US$2.04 billion.

Moreover, foreign investors channeled their investments into 50 provinces and cities nationwide throughout the reviewed period. Bac Ninh made up the largest recipient with around US$1.9 billion, occupying 17.3% of the country’s total investment and representing a 2.1-fold rise from the same period last year. Others among the top five recipients were Ho Chi Minh City, Hanoi, Dong Nai, Ba Ria-Vung Tau, and Ha Nam.

Also, over the past three months the disbursement of FDI capital reached US$4.96 billion, representing yearly growth of 7.2%.

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FDI fuels Vietnam’s high-tech manufacturing ambition

VOV.VN - Foreign direct investment (FDI) not only promote sustainable economic growth but also serves as a "springboard" for Vietnam to emerge as a high-tech manufacturing hub in the region, driving the development of eco-friendly and smart industrial parks.

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