Vietnam had attracted 6.17 billion USD in foreign direct investment (FDI) as of March 20, a year-on-year rise of 13.4%, according to the Foreign Investment Agency under the Ministry of Planning and Investment.
Hanoi (VNA) – Vietnam had attracted 6.17 billion USD in foreigndirect investment (FDI) as of March 20, a year-on-year rise of 13.4%, accordingto the Foreign Investment Agency under the Ministry of Planning and Investment.
Specifically, in the period, 644 newprojects with total registered capital of 4.77 billion USD were grantedinvestment certificates, up 23.4% in the number of projects, and 57.9% in valueyear-on-year.
A total of 934.6 million USD was registeredto be added to 248 existing projects and 466.2 million USD earmarked for stake purchase andcapital contribution.
The disbursed foreign investment rose by7.1% in the first quarter to reach 4.63 billion USD, a signal that thedisbursement will continue the positive trend, the agency said.
Foreign investors poured capital into 17out of 21 economic sectors, among which, the manufacturing and processingindustry took the lead with total registered capital of 3.93 billion USD, aslight decrease of 1.3% from the same period last year.
The real estate sector came second withtotal registered capital of 1.58 billion USD, 2.1 times higher than the figure of the sameperiod last year, followed by the wholesale and retail industry and science andtechnology with investment of 224.8 million USD and 190.2 million USD,respectively.
The foreign investment influx came from 62countries and territories. Singapore was the biggest investor in Vietnam in theperiod with total registered capital of over 2.55 billion USD, up by 51.3%,followed by Hong Kong (China) with 1.05 billion USD, 2.3 times higher.
The capital city of Hanoi was the top FDI destination with aninflux of 970.8 million USD, rising by 6.1 times over the same period lastyear, followed by northern Bac Ninh province with 745.2 million USD./.
Vietnam's economic strength is reflected in controlled macroeconomic indicators and the country has increasingly affirmed and strengthened its important role in the supply chain diversification strategy of multinational corporations. 2024 will be the year for foreign investors to seize opportunities and implement high-tech foreign direct investment (FDI) projects in Vietnam.
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Illustrative image (Photo: VNA) 
