Foreign investors register to invest $1.25 trillion in January

A corner of Kefico Vietnam Company Ltd. Foreign investors registered to invest nearly $1.25 billion in Viet Nam in January. — File Photo Foreign investors registered to invest nearly US$1.25 billion in Viet Nam in January, which will include funding for new projects, in addition to existing projects and buying stakes in projects, which will equal 75.9 per cent, compared to the same period last year. In January, the disbursement of foreign direct investment (FDI) saw a positive increase of 10.5 per cent to $1.05 billion year on year, according to statistics from the Ministry of Planning and Investment’s Foreign Investment Agency. A number of large projects were granted licences during the month, including Kefico Vietnam Company Ltd, which was allowed to add $120 million in investment capital; Vina Cell Technology Company Ltd added $100 million; the Nam Dinh Ramatex Textile and Garment Factory project with total capital of $80 million in northern Nam Dinh Province, funded by a Singapore investor; and Jotun Paint Company Ltd in HCM City, invested by a Norwegian investor with funds of $70 million. Out of 125 countries and territories with FDI projects in Viet Nam, South Korea was the most significant investor with $58.1 billion, accounting for 18.1 per cent of total capital. Japan was in second place with $49.46 billion at 15.4 per cent, followed by Singapore, Taiwan, Britishvirgin Island and Hong Kong. In terms of investment in foreign countries, Viet Nam granted licences for investments in foreign countries for six projects in… [Read full story]

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