Total Q1 registered FDI has reached a record high of over US$ 10 billion over the last three years, the Foreign Investment Agency under the Ministry of Planning and Investment (MoPI) reported.
|FDI registration hits record high in Q1 |
As of March 20, total FDI attracted valued US$ 10.8 billion, representing a year-on-year growth of 86.2 percent.
Specifically, 785 FDI projects got business licenses worth US$ 3.82 billion, up 80.1 percent against the same period last year.
Meanwhile, 279 projects got additional capital of nearly US$ 1.3 billion, accounting for 72.5 percent against 2018.
In Q1, foreign investors poured US$ 5.68 billion in buying stocks, up nearly three times against the same period in 2018.
The amount of FDI disbursement reached US$ 4.12 billion, up 6.2 percent against the same period last year.
Including crude oil, the FDI sector earned US$ 41.45 billion of export turnover, representing a year-on-year growth of 2.7 percent, accounting for 70.8 percent of national export turnover.
On the other hand, the FDI sector imported US$ 33.88 billion of goods, up 6% against the same period last year, making up 58.4 percent of import turnover.
In Q1, the FDI sector ran a trade surplus of US$ 7.57 billion including crude oil and US$ 7.06 billion excluding crude oil.
Foreign investors engaged in 18 sectors, chiefly the processing and manufacturing sector with US$ 8.4 billion, accounting for 77.7 percent of total registered capital.
Real estate ranked second with US$ 778.2 million (or 7.2 percent of total registered capital). Science and technology followed with US$ 383.2 billion (US$ 3.5 percent of total registered capital).
In the reviewed period, Hong Kong was the largest FDI provider with US$ 4.4 billion, accounting 40.7 percent of total investment; followed by Singapore with US$ 1.43 billion; the Republic of Korea with US$ 1.3 billion.
The Capital City of Hanoi was the largest FDI recipient by luring over US$ 4.15 billion and accounting 38.4 percent of total investment.