FDI attraction in January surges by 4.2% to reach nearly US$1.3 billion

Vietnam attracted US$2.1 billion in foreign direct investment (FDI) in January, representing an year-on-year rise of 4.2%, according to statistics given by the Ministry of Planning and Investment.

Of the figure, 103 operating projects were permitted to raise their capital by US$1.27 billion, a 2.69 fold-increase compared to the same period from last year.

Approximately US$388 million was injected into 103 new FDI projects, representing a 2.2-fold rise in the number of projects but a fall of over 70% in registered capital compared to January, 2021, which can be attributed to a lack of large-scale FDI projects.

Capital contributions and share purchases made by foreign investors stood at US$443,5 million, a figure that is double compared to the same period from last year.

Despite enduring a decline in registered capital, the number of fresh investment projects sharply increased in the reviewed period, indicating optimism among foreign investors in the local investment environment.

The disbursement of FDI in January surged by 6.8% to reach over US$1.61 billion as many FDI firms recovered and stabilized their production and business activities.

Singapore led a total of 33 countries and territories investing in the Vietnamese market in January with nearly US$666 million, thereby accounting for 31.7% of total FDI, followed by the Republic of Korea with over US$481 million and China with roughly US$451 million.

Foreign investors also poured money into 15 of the nation’s 21 economic sectors, of which the processing and manufacturing industry took the lead with total investment of over US$1.2 billion, duly accounting for 58.9% of total registered investment capital.

VOV