FDI capital attraction increased by 167.5% in the first two months of the year

From the beginning of the year to February 20, 2016, the whole country had 291 newly licensed foreign direct investment (FDI) projects with registered capital reaching over 1.9 billion USD, an increase of 96.6% in the number of projects and 167.5% in capital compared to the same period in 2015. At the same time, 137 projects licensed from previous years were granted additional capital with 898.3 million USD.

Illustration photo. Source: Saigongiaiphong

Thus, the total registered capital of newly licensed projects and additional capital reached over 2.8 billion USD, an increase of 135% over the same period last year. Foreign direct investment realized in the first two months of the year is estimated at 1.5 billion USD, an increase of 15.4% over the same period in 2015.

Experts from the Ministry of Planning and Investment said that foreign direct investment in the first two months of 2016 focused mainly on the processing and manufacturing industry with registered capital reaching nearly 2 billion USD, accounting for 71.2% of total registered capital. The arts, entertainment and recreation sectors reached 210.6 million USD, accounting for 7.5%. Other sectors reached 597.8 million USD, accounting for 21.3%.

The whole country has 32 provinces and centrally-run cities with newly licensed foreign direct investment projects in the first two months of the year, of which Hanoi has the largest registered capital with 242.4 million USD, accounting for 12.7% of the total newly registered capital; followed by Bac Giang with 206.1 million USD, accounting for 10.8%; Bac Ninh with 200.6 million USD, accounting for 10.5%... Ho Chi Minh City ranked 5th in this list, with 155.9 million USD, accounting for 8.2%.

Among 31 countries and territories with newly registered investment projects in Vietnam in the first two months of this year, Singapore is the largest investor with 435.2 million USD, accounting for 22.8% of the total newly registered capital; followed by Malaysia with 233.2 million USD, accounting for 12.2%; South Korea with 202.4 million USD, accounting for 10.6%; Japan with 160.6 million USD, accounting for 8.4%; Hong Kong Special Administrative Region (China) with 153.5 million USD, accounting for 8.1%; China with 141.1 million USD, accounting for 7.4%...

According to Saigongiaiphong