Hanoi leads the way in FDI attraction in first quarter
VOV.VN - The capital of Hanoi is the leading foreign direct investment (FDI) attractor in Vietnam, drawing over US$970.8 million in registered capital in March, a 6.1-fold increase year on year and accounting for 15.7% of the country’s total.
Notably, the capital attracted US$662 million into a project to build a new urban area, according to the Foreign Investment Agency under the Ministry of Planning and Investment that unveiled the statistics.
Hanoi also took the lead in January and February, luring US$867 million and US$914 million in FDI, respectively.
Bac Ninh came second with nearly US$745.2 million, followed by Quang Ninh, Thai Nguyen, Ho Chi Minh City, and Dong Nai.
The statistical agency also reported that Vietnam attracted more than US$6.17 billion in FDI from beginning of 2024 to March 20, up 13.4% year on year.
There were a total of 644 newly-registered projects with a combined capital of US$4.77 billion, up 23.4% and 57.9% compared to the same period last year, respectively.
Meanwhile, US$934.6 million was added to 248 existing projects, marking a drop of 22.6% and up 6% year on year, respectively.
Capital contributions and share purchases witnessed an annual fall of 61.7% to US$466.2 million.
Among 62 countries and territories investing in Vietnam in the first quarter, Singapore was the biggest investor, pouring more than US$2.55 billion into the country, up 51.3% against the same period from 2023.
Singapore was followed by Hong Kong (US$1.05 billion), Japan (US$550 million), China (US$520 million), and the Republic of Korea (US$440 million).
