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Vietnam Today

FDI nearly $1.2 billion in the first two months

Released at: 10:21, 01/03/2015

FDI nearly $1.2 billion in the first two months

Figure equal to only 77.5 per cent in same period last year.

by Thong Dat

Foreign direct investment (FDI) to Vietnam reached nearly $1.2 billion in the first two months of the year, down 22.5 per cent compared to the same period last year, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.

Vietnam licensed 148 new FDI projects with total registered capital of $712.29 million during the period, equal to 85.7 per cent of the same period in 2014. Meanwhile, 58 existing projects gained approval to expand their capital by an additional $480.5 million in total.

FDI capital was poured into 13 industries and sectors, with 79.8 per cent of the total going into the manufacturing and processing industry. It was followed by real estate, wholesale, and retail sales.

Twenty-eight countries and territories invested in 23 cities and provinces in Vietnam in the first two months. The British Virgin Islands continued to hold the lead in FDI capital invested in Vietnam, with $351.39 million, accounting for 29.5 per cent of the total. South Korea was second while Japan was third.

In the first two months foreign invested enterprises (FIEs) earned total export revenue, including crude oil, of nearly $16 billion, up 12.4 per cent over the same period last year and accounting for 69 per cent of the total national export revenue. They also posted import revenue of $13.95 billion, for a trade surplus of over $2 billion.

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