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Fresh FDI soars in January
Tuesday,  2/5/2019, 14:42 

Fresh FDI soars in January

The Saigon Times Daily

A worker examines electronic components at a factory of the Myungjin Electronic Vina Co., Ltd., invested by South Korea, in the northern province of Thai Nguyen. South Korea finished in second place among the 51 countries and territories with fresh investment projects in Vietnam – PHOTO: VNA

HCMC – Fresh foreign direct investment (FDI) approvals nationwide in the year to January 20 had reached US$1.9 billion, a sharp rise of 51.9% from a year earlier, according to the Foreign Investment Agency under the Ministry of Planning and Investment.

Data of the agency shows that FDI projects reported a total disbursement of over US$1.5 billion, up 9.2% against the year-ago period.

Foreign investors injected some US$805 million into 226 newly licensed projects in the period, rising by a staggering 82% in value from a year earlier.

This period also saw 72 operational FDI projects adjusting up their investment capital by some US$340.2 million, equivalent to 74.5% against the year-ago period.

These investors also conducted a total of 489 transactions to contribute capital and acquire shares in local companies with a combined value of roughly US$762 million, up a hefty 114% year-on-year.

New FDI capital was mainly poured into the processing and manufacturing sector, with over US$1.19 billion.

Among the 51 countries and territories with fresh investment in Vietnam, Japan came in first with nearly US$364 million, followed by South Korea with around US$349 million, and China with some US$307 million.

During the period, Hanoi City attracted the most FDI capital, over US$745 million, followed by the southern province of Binh Duong with US$240 million and the northern province of Hai Duong with US$126 million.

As of January 20, the country had had over 27,600 valid projects worth a combined US$340 billion, of which FDI projects accounted for more than US$191 billion, 56.2% of the total.

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