FDI in Vietnam rises sharply in first two months
Thursday, 28/02/2019 17:24 (GMT+7)
As of February 26th, total newly-registered and increased capital, capital contributions and share purchases of foreign investors reached USD8.47 billion, a 2.5-fold increase over the same period last year, according to the Ministry of Planning and Investment’s Foreign Investment Agency.
Photo for illustration. (Source: VOV)
Notably, the country had 514 newly-registered projects with a total capital of USD2.44 billion, a year-on-year rise of 75.7%. In addition, 176 ongoing projects registered for an additional USD854.8 million, a year-on-year rise of 22%.
In addition; there were 1,039 capital contributions and share purchases, valued at USD5.17 billion, a four-fold rise year on year; accounting for 61% of the total registered capital.
Specifically, in the first two months of 2019, disbursement of FDI projects posted USD2.58 billion, a 9.8% rise over a year earlier. This is the highest increase in the first two months over the past three years.
In the two months, foreign investors poured capital into 18 sectors, with the majority investing in manufacturing and processing, real estate business, and science and technology.
Among 66 countries and territories investing in Vietnam, Hong Kong (China) took the lead, followed by Singapore and the Republic of Korea./.
BTA
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