Business

FDI disbursement reaches $1.7 billion

SGGP
Disbursement of foreign direct investment (FDI) projects reached US$1.7 billion during the first two months this year, increasing nearly 10 percent over the same period last year.

Cell phone part manufacturing at a Korean firm in the northern province of Thai Nguyen (Photo: VNA)

Cell phone part manufacturing at a Korean firm in the northern province of Thai Nguyen (Photo: VNA)

That was reported by Foreign Investment Agency under the Ministry of Planning and Investment.
FDI capital reached $3.34 billion. Of these, 411 projects were granted investment certificates with the total registered capital of $1.39 billion; 133 projects increased investment capital by $700 million. In addition, there were 873 capital contributions and share purchases by foreign investors with the total value of $1.25 billion.
Manufacturing and processing attracted most FDI capital with $1.83 billion accounting for 54 percent of total registered capital, followed by construction with $345 million and real estate with $312 million.
HCMC took the lead in FDI attraction with over $1 billion accounting for one third of total investment capital. Binh Duong province ranked second with $434 million and Ninh Thuan province ranked third with $253.9 million.

By HAN NI – Translated by Hai Mien

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