Illustrative image (Source: VNA) Hanoi (VNA) – Foreign-invested enterprisesdisbursed 3.88 billion USD in the first quarter this year, up 7.2 percentannually, according to the Ministry of Industry and Trade’s Foreign InvestmentAgency (FIA).
The country attracted 618 newly-licensed projects withregistered capital of 2.12 billion USD, up 25.4 percent in volume, proving thatVietnam remains attractive to foreign investors.
Among 76 countries and territories investing in Vietnam inthe first quarter, the Republic of Korea took the lead with 1.84 billion USD,accounting for 31.6 percent of the total. Hong Kong (China) ranked second witha registered capital of roughly 689 million USD, equivalent to 11.9 percent whileSingapore poured 649 million USD, or 11.2 percent, coming third.
FDI firms invested in 19 out of 21 sectors, mostly in manufacturing andprocessing with 188.52 billion USD (58.5 percent). It was followed by realestate with 53.56 billion USD (16.6 percent) and electricity, gas and watersupply with 21 billion USD (6.5 percent).
Their projects now cover all the 63 cities and provincesnationwide. Ho Chi Minh City attracted the most FDI with 44.25 billion USD,accounting for 13.7 percent of the total. The southern province of Binh Duong camenext with 30.67 billion USD (9.5 percent), followed by Hanoi with 27.69 billionUSD (8.6 percent). However, these figures do not project a declining investmentflow into the country in 2018.
According to economists, there were 618 newly-licensedprojects during the period, up 25.4 percent in volume but down 27.3 percent invalue. At the same time, 199 projects registered additional capital of over 1.78billion USD, down 54.6 percent annually. The total newly-licensed andadditional capital topped 3.9 billion USD, down 43 percent year-on-year.
A survey by the General Statistics Office indicated that 33percent of businesses performed better in the first quarter while 24.6 percentmet difficulties and 42.4 percent enjoyed stable production and trade.
It is forecast that 55.7 percent of firms will beopportunistic about their performance, 10.4 percent will face obstacles and33.9 percent operate stably in the second quarter.
A representative from the Centre for Japanese InvestmentPromotion in Ho Chi Minh City has lauded improvements in e-government system,food sample inspection, and risk management in customs clearance stations.
Deputy head of the Health Ministry’s Vietnam FoodAdministration Le Van Giang said the Vietnamese government drastically askedagencies concerned to not cause difficulties for enterprises while refininge-government system from the grassroots to central level, towards improving thebusiness climate for domestic and foreign firms.-VNA
The country attracted 618 newly-licensed projects withregistered capital of 2.12 billion USD, up 25.4 percent in volume, proving thatVietnam remains attractive to foreign investors.
Among 76 countries and territories investing in Vietnam inthe first quarter, the Republic of Korea took the lead with 1.84 billion USD,accounting for 31.6 percent of the total. Hong Kong (China) ranked second witha registered capital of roughly 689 million USD, equivalent to 11.9 percent whileSingapore poured 649 million USD, or 11.2 percent, coming third.
FDI firms invested in 19 out of 21 sectors, mostly in manufacturing andprocessing with 188.52 billion USD (58.5 percent). It was followed by realestate with 53.56 billion USD (16.6 percent) and electricity, gas and watersupply with 21 billion USD (6.5 percent).
Their projects now cover all the 63 cities and provincesnationwide. Ho Chi Minh City attracted the most FDI with 44.25 billion USD,accounting for 13.7 percent of the total. The southern province of Binh Duong camenext with 30.67 billion USD (9.5 percent), followed by Hanoi with 27.69 billionUSD (8.6 percent). However, these figures do not project a declining investmentflow into the country in 2018.
According to economists, there were 618 newly-licensedprojects during the period, up 25.4 percent in volume but down 27.3 percent invalue. At the same time, 199 projects registered additional capital of over 1.78billion USD, down 54.6 percent annually. The total newly-licensed andadditional capital topped 3.9 billion USD, down 43 percent year-on-year.
A survey by the General Statistics Office indicated that 33percent of businesses performed better in the first quarter while 24.6 percentmet difficulties and 42.4 percent enjoyed stable production and trade.
It is forecast that 55.7 percent of firms will beopportunistic about their performance, 10.4 percent will face obstacles and33.9 percent operate stably in the second quarter.
A representative from the Centre for Japanese InvestmentPromotion in Ho Chi Minh City has lauded improvements in e-government system,food sample inspection, and risk management in customs clearance stations.
Deputy head of the Health Ministry’s Vietnam FoodAdministration Le Van Giang said the Vietnamese government drastically askedagencies concerned to not cause difficulties for enterprises while refininge-government system from the grassroots to central level, towards improving thebusiness climate for domestic and foreign firms.-VNA
VNA
