FDI attraction continues to remain bullish

FDI attraction continues to remain bullish

According to the Ministry of Planning and Investment's Foreign Investment Agency, Vietnam counted FDI inflows of about $10.8 billion in the first four months, equivalent to a rise of 88.3 per cent on-year.

Of this, $3.7 billion were poured into 454 newly-licensed projects, an increase of 0.7 per cent in the number of projects, but a sharp decrease of 56.3 per cent in value.

Besides this, $5.29 billion were added to 323 projects currently underway, a rise of 92.5 per cent in value and 22.8 per cent more in the number of projects. Overseas investors also poured $1.83 billion into 1,026 share purchase deals, an increase of 74.5 per cent on-year.

In April, Singapore's Fujifilm Business Innovation Vietnam Co., Ltd. (in Ho Chi Minh City) has just registered to raise the capital by $494.2 million, which is one of the notable projects this month.

FDI disbursement went slightly up by 7.6 per cent on-year, to $5.92 billion.

Accumulated to the end of this month, there were 34,891 valid FDI projects across the country with total registered capital of $424.59 billion, and their disbursement was almost $257.52 billion, equivalent to 60.7 per cent of valid registered capital.

Among the 18 sectors receiving funds in the first four months, processing and manufacturing took the lead with $6.2 billion, accounting for 57.2 per cent of total FDI. It was followed by real estate with over $2.8 billion, making up 26.1 per cent, followed by wholesales and retail ($667.8 million), science technology and professional activities ($357.5 million).

Singapore led the 72 countries and territories investing in Vietnam in the first four months with a total investment capital of nearly $3.1 billion, followed by South Korea ($1.82 billion) and Denmark ($1.32 million).

Binh Duong has attracted the highest amount of FDI in these four months with over $2.35 billion, followed by Bac Ninh ($1.57 billion), Ho Chi Minh City ($1.28 billion), Thai Nguyen ($944 million), and Hanoi ($656 million).

In the first four months, the export turnover of the foreign-invested enterprises (FIEs) continued increasing by 15.4 per cent on-year to nearly $91.4 billion (including crude oil) or $90.36 billion (excluding crude oil), making up about 74 per cent of the country's total export value. Their import turnover was estimated at $80.39 billion, up 18.7 per cent on-year and accounting for 65.8 per cent of the total.

Generally, the trade surplus of FIEs was $10.75 billion (including crude oil) and about $10 billion (excluding crude oil), while local businesses reported a trade deficit of $9.79 billion.