Vietnam draws over 10.8 billion USD of FDI in four months

Vietnam attracted over 10.8 billion USD of foreign direct investment (FDI) in the first four months of this year, equivalent to 88.3 percent of the amount recorded in the same period last year, according to the Ministry of Planning and Investment (MPI).
Vietnam draws over 10.8 billion USD of FDI in four months ảnh 1The processing-manufacturing sector attracts 6.2 billion USD, accounting for 57.2 percent of the total FDI (Photo: VNA)
Hanoi (VNA) – Vietnam attracted over 10.8 billionUSD of foreign direct investment (FDI) in the first four months of this year,equivalent to 88.3 percent of the amount recorded in the same period last year,according to the Ministry of Planning and Investment (MPI).

While a decrease of 56.3 percent was seen in thenewly-registered capital to nearly 3.7 billion USD, a respective surge of 92.5percent and 74 percent was recorded in the investment injected into underwayprojects to nearly 5.29 billion USD, and capital contributions and sharepurchase deals to 1,83 billion USD.

Notably, FDI disbursement in the January-April period reached 5.92 billion USD, a year-on-year rise of 7.6 percent, reported the MPI.

Foreign investors invested in 18 out of 21 economic sectors,mostly in processing-manufacturing sector with 6.2 billion USD, accounting for57.2 percent of the total FDI. It was followed by real estate with 2.8 millionUSD, and retail with 667.8 million USD.

In the first four months of 2022, Singapore led 72 countriesand localities investing in Vietnam with 3.1 billion USD, making up 28.8percent of the total FDI. The Republic of Korea came second with 1.82 billionUSD, while Denmark was the third with Lego factory worth over 1.3 billion USD.

Among 44 cities and provinces receiving FDI in the period,the southern province of Binh Duong took the lead with 2.35 billion USD,followed by northern Bac Ninh province with 1.57 billion USD and Ho Chi MinhCity with nearly 1.28 billion USD.

According to the MPI, so far this year, Vietnamese firms invested over 327.72million USD abroad, with 34 new projects worth over 285.8 million USD, doublingthat in the same period last year.

Currently, there are 1,549 underway Vietnamese-funded projectsabroad with total investment of nearly 21.55 million USD, mostly in mining, andagro-forestry-fisheries sector./.
VNA

See more

Industrial factories in Tan Uyen city, the southern province of Binh Duong (Photo: VNA)

Investors upbeat about Vietnam’s industrial property market

Investors are bullish on Vietnam's industrial property market growth on the back of the nation's strategic location, sound infrastructure, and increasing demand for industrial space, particularly industrial parks that meet green standards, according to market research.

Vietnamese Ambassador to Belgium and head of the Vietnamese Delegation to the EU Nguyen Van Thao addresses the forum (Photo: VNA)

Forum connects Vietnamese, Belgian busineses

The Vietnam-Belgian business forum took place in Brussels on October 23, offering a chance for enterprises of the two countries to introduce their products and explore new cooperation opportunities.

The expos cover over 6,000 sq.m, drawing over 210 exhibitors from 10 countries and territories. (Photo: VNA)

Hanoi hosts textile & garment, fabric garment accessories expos

The Vietnam Hanoi Textile & Garment Industry and Fabric Garment Accessories Expos 2024 (HanoiTex & HanoiFabric 2024) is taking place in Hanoi on October 23 – 25 as part of a series of international exhibitions on Vietnam's textile and garment industry.

Representatives from Vietnamese and Lao agencies, localities and businesses at the opening ceremony of the Vietnam-Laos trade fair 2024 in Xiengkhouang province. (Photo: VNA)

Vietnam, Laos step up trade, tourism promotion

A Vietnam-Laos trade fair was kicked off in Phonsavanh township in Xiengkhouang province of Laos on October 23 as part of activities to celebrate the 75th anniversary of the traditional day of Vietnamese volunteer soldiers and experts in Laos (October 30, 1949 – 2024).

Illustrative photo (Photo: chinhphu.vn)

Vietnamese goods enter US through global supply chain

The Saigon Co.op Distribution Company Limited (SCD) - a member of the Ho Chi Minh City Union of Trade Cooperatives (Saigon Co.op), and STC Natural Vina Company on October 23 held a hand-over ceremony for goods that will be exported to the US.

Vietnam’s lobsters have clawed their way back onto Chinese menus after a suspension. (Photo: VNA)

Vietnam’s lobsters claw back prominence in China

Vietnam’s lobster export to the Chinese market in January-September rose 33 folds year-on-year on the back of lower prices and stronger trade ties between the two nations, the South China Morning Post said on October 22.