Vietnam attracts less foreign investment in 4 months

HANOI, April 29  — Vietnam attracted an estimated 12.25 billion U.S. dollars of foreign investment in the first four months of this year, down 0.7 percent against the same period last year, the country’s General Statistics Office said Thursday.

Particularly, Vietnam licensed 451 new foreign direct investment (FDI) projects with total registered capital of 8.46 billion U.S. dollars, down 54.2 percent in quantity but up 24.7 percent in capital year on year. In addition, the country saw 263 operational FDI projects raise capital by 2.75 billion U.S. dollars in total, down 10.6 percent.

Between January and April, disbursed FDI capital totaled 5.5 billion U.S. dollars, up 6.8 percent year on year, said the office, adding that 72.2 percent were for the processing and manufacturing sector.

Among 67 countries and regions with newly licensed investment projects in Vietnam during the period, Singapore was the largest source of registered capital with over 4.4 billion U.S. dollars, followed by Japan with roughly 1.8 billion U.S. dollars and the Chinese mainland with 774.9 million U.S. dollars, according to the office.

Source: BigNews