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Foreign investors register to invest $1.25 billion in January

Update: February, 23/2018 - 15:00
A corner of Kefico Vietnam Company Ltd. Foreign investors registered to invest nearly $1.25 billion in Việt Nam in January. — File Photo
Viet Nam News

HÀ NỘI — Foreign investors registered to invest nearly US$1.25 billion in Việt Nam in January, which will include funding for new projects, in addition to existing projects and buying stakes in projects, which will equal 75.9 per cent, compared to the same period last year.

In January, the disbursement of foreign direct investment (FDI) saw a positive increase of 10.5 per cent to $1.05 billion year on year, according to statistics from the Ministry of Planning and Investment’s Foreign Investment Agency.

A number of large projects were granted licences during the month, including Kefico Vietnam Company Ltd, which was allowed to add $120 million in investment capital; Vina Cell Technology Company Ltd added $100 million;  the Nam Định Ramatex Textile and Garment Factory project with total capital of $80 million in northern Nam Định Province, funded by a Singapore investor; and Jotun Paint Company Ltd in HCM City, invested by a Norwegian investor with funds of $70 million.

Out of 125 countries and territories with FDI projects in Việt Nam, South Korea was the most significant investor with $58.1 billion, accounting for 18.1 per cent of total capital. Japan was in second place with $49.46 billion at 15.4 per cent, followed by Singapore, Taiwan, British Virgin Islands and Hong Kong.
 
In terms of investment in foreign countries, Việt Nam granted licences for investments in foreign countries for six projects in January, with a total investment capital of $6.46 million.

Three of these projects were in retail and wholesale areas, while the remainders were in the fields of processing and manufacturing, residential services and science and technology.

The projects are being conducted in Canada, Campuchia, New Zealand, Germany, Belize and Myanmar. — VNS

 

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