Vietnam attracts over 1 billion USD in FDI in January
PSNews – The Foreign Investment Department under the Ministry of Plan and Investment announced that, in January, Vietnam attracted nearly 1.3 billion USD in foreign direct investment (FDI).
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Accordingly, the FDI disbursement was 1.05 billion USD, up 10.5% year-on-year. Of which, foreign investors secured approval to pour 442.6 million USD into 166 new projects in Vietnam during the month, down 64.4% year-on-year in value and 5.1% in project numbers.
Additionally, 61 existing projects were added 456.8 million USD, a rise of 155% compared to 2017. They also outlaid 356 million USD on mergers and acquisitions (M&As) during January, up 54.7% from a year earlier.
Manufacturing remained the most appealing sector, attracting 746.8 million USD into both new and operational projects in January and accounting for 83% of total foreign investment. M&A outlays totaled 162.2 million USD.
Foreign investors poured capital into 24 cities and provinces around the country. Ho Chi Minh City ranked first, with 52 million USD (11.8% of the total), followed by Nam Dinh, Ninh Thuan and Binh Duong with 80.2 million USD, 60 million USD, and 36.7 million USD respectively.
Singapore was the largest investor in Vietnam during the opening month of the year in terms of fresh capital, with 147.7 million USD. Following were Korea and Norway, with 70.4 million USD and 70.1 million USD.
