Foreign investors register to invest USD 1.25 billion in January

In January, the disbursement of foreign direct investment (FDI) saw a positive increase of 10.5 percent to USD 1.05 billion year on year, according to statistics from the Ministry of Planning and Investment’s Foreign Investment Agency. Foreign investors registered to invest nearly USD 1.25 billion in Vietnam in January. (Photo for illustration) A number of large projects were granted licenses during the month, including Kefico Vietnam Company Ltd., which was allowed to add USD 120 million in investment capital; Vina Cell Technology Company Ltd, which added USD 100 million;  the Nam Dinh Ramatex Textile and Garment Factory project with total capital of USD 80 million in Nam Dinh province, funded by a Singapore investor; and Jotun Paint Company Ltd. in HCM City, invested by a Norwegian investor with funds of USD 70 million. Out of 125 countries and territories with FDI projects in Vietnam, the Republic of Korea was the most significant investor with USD 58.1 billion, accounting for 18.1 percent of total capital. Japan was in second place with USD 49.46 billion at 15.4 percent, followed by Singapore, China’s Taiwan, Britishvirgin Island and China’s Hong Kong. In terms of investment in foreign countries, Vietnam granted licenses for investments in foreign countries for six projects in January, with a total investment capital of USD 6.46 million. Three of these projects were in retail and wholesale areas, while the remainders were in the fields of processing and manufacturing, residential services and science and technology. The projects are being conducted in Canada,… [Read full story]


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