FDI flows up 3.3pct in January

FDI flows up 3.3pct in January

Total Foreign Direct Investment (FDI) in January is estimated to reach US$465 million, a year-on-year increase of 3.3%.

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As of January 20, 2014, US$211 million was poured in 40 new projects. Six operating projects were added a total capital of US$186.1 million.

The processing industry drew in US$189 million, accounting for 47.6%, ranking first. It was followed by the real estate sector with US$176.3 million, accounting for 44.4% and other sectors of US$31.8 million, accounting for 8%.

Ba Ria-Vung Tau Province ranked first among cities and provinces attracting FDI with a total registered capital of US$61.5 million, accounting for 29.2%, followed by Thai Nguyen Province with US$31.3 million, accounting for 14.8%, Vinh Phuc Province with US$31 million, accounting for 14.7% and Binh Duong Province with US$28.9 million, accounting for 13.7%.

The Republic of Korea was the largest FDI provider for Viet Nam with US$88.8 million, accounting for 42.1%. It was followed by Malaysia US$27.2 million, accounting for 12.9%, France US$19.5 million, accounting for 9.2% and Belgium US$17 million, accounting for 8.1%.

Source VGP

FDI flows up 3.3pct in January Related image(s)