FDI capital rises sharply in three months
Tuesday, 28/03/2017 06:28 (GMT+7)
Foreign Direct Investment (FDI) capital in Vietnam amounted to USD7.71 billion in the first quarter of 2017, a two-fold increase from the two previous months and a year-on-year increase of 91.5%, according to the Ministry of Planning and Investment’s Foreign Investment Agency (FIA).
Photo for illustration. (Source: dantri.com.vn)
Specifically, as of March 20
th; the country had 493 newly-licensed projects with a registered capital of more than USD2.9 billion, up 6.5% over a year earlier.
In addition, 223 ongoing projects registered an increased capital of USD3.94 billion, a 206.4% increase compared to the same period last year. 1,077 projects contributed capital and purchased shares of foreign investors with a total contributed capital of nearly USD853 million, a year-on-year rise of 171.5%.
According to FIA, the sharp increase came from big projects being licensed in March, such as the expanded project of Samsung Display in Bac Ninh, with an additional capital of USD2.5 billion, and a plant of Polytex Far Eastern Co., Ltd. in Binh Duong.
Thanks to Samsung Display’s project, Bac Ninh became the biggest FDI attraction location from the start of the year, with a registered capital of USD2.61 billion.
It was followed by Binh Duong with USD1.39 billion and Ho Chi Minh city with nearly USD600 million.
During the period, FDI projects disbursed some USD3.62 billion, up 3.4% over a year earlier./.
BTA
Tags: