411 new FDI projects licensed in two months

In addition, 133 FDI projects registered for capital adjustment with additional investment of USD700 million, a year-on-year fall of 8 percent, according to the Ministry of Planning and Investment’s Foreign Investment Agency. Disbursements were estimated at USD1.7 billion, up over 9.7 percent year-on-year. In the reviewed period, there were 873 deals made by foreign investors to contribute capital to businesses and to buy shares of Vietnamese businesses with total capital of USD1.25 billion, a year-on-year rise of 102 percent. In total, the country attracted FDI worth USD3.34 billion, or 98.2 percent of the figure of the same period last year. Manufacturing-processing attracted the most FDI in the period with USD1.83 billion, accounting for 54.6 percent of the total. Construction ranked second with USD345 million and estate trading was third with USD312 million, accounting for 10.3 percent and 9.3 percent of the total, respectively. Among 60 nations and territories investing in Vietnam in the first two months, the Republic of Korea (RoK) was the biggest investor with USD851.2 million, making up 25.5 percent of the total. It was followed by British Virgin islands with approximately USD450 million and Singapore with USD418 million. Ho Chi Minh city was the top destination for foreign investors, attracting USD1.05 billion, or 31.27 percent, followed by Binh Duong (USD434 million), Ninh Thuan (USD253 million), or 12.98 percent and 7.6 percent respectively. Large projects licensed in January-February included the USD150 million Hanbaram wind-power project in Ninh Thuan province and the USD80 million garment project funded by Ramatex… [Read full story]

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