FDI commitment downs nearly 50 per cent in first quarter
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The Foreign Investment Agency today reports total foreign direct investment (FDI) new commitment to the country reaches $3.33 billion in the first quarter, down 49.6 per cent against the same period last year.
In the first quarter, foreign investors registered to invest in 252 new projects, with total investment commitment of around $2 billion, down 6 per cent in the number of projects and 38.6 per cent in capital. In addition, foreign investors also registered to expand $1.28 billion in 82 existing projects.
The Foreign Investment Agency assumes the absence of new large-scale FDI projects as the reason behind lower committed capital volume in the period.
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