Today: 27/06/2022 06:06:36 (GMT+7)
THE CENTRAL AGENCY OF THE COMMUNIST PARTY OF VIETNAM BAC GIANG PROVINCE THE VOICE OF THE PARTY, GOVERNMENT AND PEOPLE OF BAC GIANG PROVINCE

Vietnam draws over 10.8 billion USD of FDI in four months

Vietnam attracted over 10.8 billion USD of foreign direct investment (FDI) in the first four months of this year, equivalent to 88.3 percent of the amount recorded in the same period last year, according to the Ministry of Planning and Investment (MPI).

While a decrease of 56.3 percent was seen in the newly-registered capital to nearly 3.7 billion USD, a respective surge of 92.5 percent and 74 percent was recorded in the investment injected into underway projects to nearly 5.29 billion USD, and capital contributions and share purchase deals to 1,83 billion USD.

Vietnam, FDI, four months, foreign direct investment, newly-registered capital, underway projects, capital contributions, year-on-year rise

The processing-manufacturing sector attracts 6.2 billion USD, accounting for 57.2 percent of the total FDI.

Notably, FDI disbursement in the January-April period reached 5.92 billion USD, a year-on-year rise of 7.6 percent, reported the MPI.

Foreign investors invested in 18 out of 21 economic sectors, mostly in processing-manufacturing sector with 6.2 billion USD, accounting for 57.2 percent of the total FDI. It was followed by real estate with 2.8 million USD, and retail with 667.8 million USD.

In the first four months of 2022, Singapore led 72 countries and localities investing in Vietnam with 3.1 billion USD, making up 28.8 percent of the total FDI. The Republic of Korea came second with 1.82 billion USD, while Denmark was the third with Lego factory worth over 1.3 billion USD.

Among 44 cities and provinces receiving FDI in the period, the southern province of Binh Duong took the lead with 2.35 billion USD, followed by northern Bac Ninh province with 1.57 billion USD and Ho Chi Minh City with nearly 1.28 billion USD.

According to the MPI, so far this year, Vietnamese firms invested over 327.72 million USD abroad, with 34 new projects worth over 285.8 million USD, doubling that in the same period last year.

Currently, there are 1,549 underway Vietnamese-funded projects abroad with total investment of nearly 21.55 million USD, mostly in mining, and agro-forestry-fisheries sector.

Spectacular breakthrough in FDI attraction
(BGO) – In 2021, Bac Giang attracted total investment of over 1.3 billion USD to the industrial parks which is an impressive figure for such a hard year due to Covid-19 pandemic. 
 
Bac Giang provincial leader visits and extends Tet greeting to local FDI enterprises
(BGO) – On January 19, the Vice Chairman of Bac Giang provincial People’s Committee (PPC) Phan The Tuan paid a field trip to visit, encourage and extend Tet greeting to some foreign direct investment (FDI) businesses in the province.
 
Provincial leader visits and extends Tet greeting to some FDI enterprises
(BGO) – On January 17, Vice Chairman of Bac Giang provincial People’s Committee (PPC) Phan The Tuan and representatives of Department of Foreign Affairs, PPC Office and Industrial Park Management Board visited and extended Tet greeting to Crystal Martin Vietnam Company Limited; Jufeng New Materials Vietnam Co.,Ltd in Quang Chau industrial park, Viet Yen district and SeoJin Vietnam Co.,Ltd in Song Khe – Noi Hoang industrial park in Yen Dung district.
 
Expert highlights three factors helping Vietnam secure FDI inflows
Low labour cost, favourable geographic location and the expansion of investment abroad are three key factors helping Vietnam secure its foreign direct investment (FDI) attraction, according to Chief economist VinaCapital Michael Kokalari.
 
Bac Giang provincial leader extends Tet greeting to FDI enterprises
(BGO) – On January 10, Vice Chairman of Bac Giang provincial People’s Committee (PPC) Le O Pich led a delegation with several departments and sectors to visit and extend Tet greeting to some foreign direct investment (FDI) businesses in Bac Giang and Bac Ninh provinces.
 

Source: NDO/VNA

Vietnam, FDI, four months, foreign direct investment, newly-registered capital, underway projects, capital contributions, year-on-year rise
 
New comment has just been added. Click here
Sort:NewBest News