Vietnam Reports Jan-Feb FDI up 39 per cent On Year
Vietnam is estimated to have attracted US$2.65 billion of FDI between January and February, representing an on-year rise of 39 per cent, according to the Ministry of Planning and Investment (MPI).
During the period, the country pulled in 72 fresh FDI projects valued at US$2.5 billion and also allowed 17 existing projects to raise their capital by US$150 million.
The ministry said that industry, services and agro-forestry sectors continued to be the most attractive destinations to foreign investors during the time.
Southern Ba Ria-Vung Tau province took the lead in attracting FDI with over US$1.29 billion, or over 50 per cent of the country’s total FDI capital in the Jan-Feb period.
The U.S. has become the largest among 82 foreign investors in Vietnam so far this year with five projects, valued at over US$1.3 billion.
The biggest FDI projects in the country between January and February were the US$1.29-billion tourism complex by the U.S.’s Good Choice and Japan’s US$610-million software center.
Since early this year, the FDI sector has obtained total revenues of US$4.9 billion, up more than 25 per cent on-year.
Vietnam is likely to attract over US$20 billion FDI this year, far exceeding the set target of US$14-US$15 billion” this year, the ministry said, adding that the country expects to disburse US$5.6-US$6 billion FDI in the year. (VNA)
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