Foreign direct investment (FDI) flows in Vietnam in Jan-Apr 2019 sets a record for the value of registered investment capital over the same period in the past 4 years, according to a report from the Foreign Investment Agency under the Ministry of Planning and Investment.
Specifically, in the first months of the year, total FDI reached $14.59 billion, up 81 percent compared to the same period last year. Some $5.7 billion of FDI have been disbursed, an increase of 7.5 percent year-on-year.
Processing and manufacturing sector still ranks first among the 19 sectors attracting FDI. According to the report, FDI inflows into this sector in Jan-Apr reached nearly $10.5 billion, accounting for around 72 percent of the total registered capital.
Real estate ranks second with $1.1 billion, making up 7.5% of the total, an increase of more than 36 percent over the same period of 2018. This is considered a record level. Since 2016, real estate has continuously maintained the second position in the list of FDI attraction industries with the increase of total investment capital.
Notably, Hong Kong surpassed Japan and South Korea to take the leading position on the list of countries and territories pouring FDI into Vietnam. Accordingly, after 4 months, FDI from Hong Kong into Vietnam hit $4.7 billion, accounting for 32.5 percent of total investment capital. The next one is Korea with a total investment of $1.98 billion, making up 13.6 percent, followed by Singapore with $1.87 billion, or 12.8 percent.
With a total registered FDI of more than $4.47 billion in 4 months, accounting for 30.6 percent of the total, Hanoi remains its leading position in attracting FDI, followed by Ho Chi Minh City with $2.37 billion, or 16.3 percent, and Binh Duong with over $1 billion, making up 7 percent.
(Source: Thanh nien)