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Foreign investment flow into Vietnam down in first 4 months
Publication Date : 28-04-2014
Foreign direct investment flows into Vietnam in the first four months of this year fell to $4.85 billion, a mere 59 per cent of what the country recorded in the same period lat year.
The figure released by the Ministry of Planning and Investment's Foreign Investment Agency also showed that of the total, $3.32 billion went to 390 newly-licensed projects, while 140 existing projects added $1.62 billion to their capital.
The manufacturing and processing sectors took the lead in attracting FDI with 204 new projects at $3.6 billion, accounting for 74.3 per cent of the total.
The real estate sector ranked second with seven projects with a total investment of $392.3 million, accounting for 8.1 per cent share, followed by the construction sector with $237 million (4.9 per cent) and health care and social support sector ($225.93 million).
While FDI levels slowed down, the country's FDI disbursement reached $4 billion in January to April, representing a year-on-year increase of 6.7 per cent.
Of the 36 countries and territories that invested in Vietnam during the period, South Korea was the largest, with both newly-registered and additional capital infusion amounting to $1.12 billion, followed by Japan and Singapore with $531 million and $479.1 million, respectively.
The southern Province of Binh Duong topped the list of FDI destinations, attracting $792.9 million or 16.3 per cent of the total, followed by HCM City ($749.1 million) and Dong Nai ($537.8 million).
The Thang Long Cement Factory with Indonesian investments in the northeastern Quang Ninh Province has been the largest FDI project so far this year, with a total registered capital of $352.6 million. It was followed by the Dai An Vietnam- Canada hospital project worth $225 million in northern Hai Duong Province.