Foreign direct investment hits over US$3.7 billion
A total of 448 new foreign-invested projects, worth more than US$2.67 billion, were licensed during the January-April period, a yearly decrease of 17.1%.
Meanwhile, 167 operating projects were also given approval to add US$1.04 billion to their investments, a fall of 35.7% over the corresponding period last year.
According to the latest report from the Ministry of Planning and Investment's Foreign Investment Agency, total FDI registered in the country topped more than US$3.72 billion in the reviewed period, equivalent to 76.7% of the figures for the same period last year.
Foreign investors placed their investments in 14 sectors during the period. Of these, the manufacturing and processing sector attracted the largest share of FDI with US$2.83 billion or 76% of the nation's total FDI.
Estate trading came next with US$327 million, while wholesale and retail ranked third with US$198.6 million.
The Republic of Korea remained Vietnam's biggest foreign investor with more than US$9.08 million, making up 24.4% of the total FDI registered.
This was followed by Turkey (US$660 million or 17.7%), British Virgin Islands (US$509.6 million or 13.7%) and Japan (US$374.3 million or 10.1%).
The southern province of Dong Nai was the most attractive destination for foreign investors with US$916.7 million in FDI investment, accounting for 24.6% of the nation's total.
HCM City and the northern port city of Hai Phong came second and third, with US$784.9 million, or 21.1%, and US$292.1 million, or 7.8%, respectively.
The report noted that the foreign-invested sector created a trade surplus of more than US$2.71 billion in four months as it earned US$35.07 billion from exports, up 12.6% or equivalent to 70% of the country's total export turnover. The FDI businesses imported US$32.35 billion worth of goods, up 27.8%.
Since the Law on Foreign Investment was issued in 1987, FDI capital has had great impact on Vietnam's economy.
It had mobilised capital for development and promote economic development, said the Director of the National Centre of Socio-economic Information and Forecasting, Mai Thi Thu.
FDI also helped create conditions for the transfer of technology, generated jobs and accelerated the country's global integration, she said during a conference in Hanoi early this month.
Several products produced by foreign-invested businesses in Vietnam had established themselves firmly in international markets, such as telephones, electronic components and garments and textiles, she said.
Director of the Foreign Investment Agency, Do Nhat Hoang, said FDI helped to strengthen the linkage between foreign and domestic businesses, and assisted Vietnam's economy to integrate deeper into the global economy.
According to the latest report from the Ministry of Planning and Investment's Foreign Investment Agency, total FDI registered in the country topped more than US$3.72 billion in the reviewed period, equivalent to 76.7% of the figures for the same period last year.
Foreign investors placed their investments in 14 sectors during the period. Of these, the manufacturing and processing sector attracted the largest share of FDI with US$2.83 billion or 76% of the nation's total FDI.
Estate trading came next with US$327 million, while wholesale and retail ranked third with US$198.6 million.
The Republic of Korea remained Vietnam's biggest foreign investor with more than US$9.08 million, making up 24.4% of the total FDI registered.
This was followed by Turkey (US$660 million or 17.7%), British Virgin Islands (US$509.6 million or 13.7%) and Japan (US$374.3 million or 10.1%).
The southern province of Dong Nai was the most attractive destination for foreign investors with US$916.7 million in FDI investment, accounting for 24.6% of the nation's total.
HCM City and the northern port city of Hai Phong came second and third, with US$784.9 million, or 21.1%, and US$292.1 million, or 7.8%, respectively.
The report noted that the foreign-invested sector created a trade surplus of more than US$2.71 billion in four months as it earned US$35.07 billion from exports, up 12.6% or equivalent to 70% of the country's total export turnover. The FDI businesses imported US$32.35 billion worth of goods, up 27.8%.
Since the Law on Foreign Investment was issued in 1987, FDI capital has had great impact on Vietnam's economy.
It had mobilised capital for development and promote economic development, said the Director of the National Centre of Socio-economic Information and Forecasting, Mai Thi Thu.
FDI also helped create conditions for the transfer of technology, generated jobs and accelerated the country's global integration, she said during a conference in Hanoi early this month.
Several products produced by foreign-invested businesses in Vietnam had established themselves firmly in international markets, such as telephones, electronic components and garments and textiles, she said.
Director of the Foreign Investment Agency, Do Nhat Hoang, said FDI helped to strengthen the linkage between foreign and domestic businesses, and assisted Vietnam's economy to integrate deeper into the global economy.