FDI attraction numbers US$3.4 billion in two months

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Báo điện tử CP English - 3 month(s) ago 10 readings

VGP - Foreign direct investment (FDI) capital totaled US$3.4 billion in the first two months this year, a year on year increase of 21.5%, according to the Foreign Investment Agency under the Ministry of Planning and Investment.

Of the total, over US$2 billion came from 300 newly established projects. It is estimated that FDI projects have disbursed US$1.55 billion, a slight increase over the same period last year.

Real estate ranked first among sectors in FDI attraction during the period, with most projects developing industrial park infrastructure.

Some big projects licensed during the first two months comprise US$284 million Viet Nam Singapore Industrial Park in Binh Duong province, US$220 million polyester and synthetic fiber plant Billion Viet Nam in Tay Ninh province, US$220 million tire plant KTV-1 in Binh Duong, a $150 million infrastructure project at Lan Son Industrial Park and US$150 million plastic plant Khai Hong Viet in Bac Giang.

Binh Duong province attracted the most FDI capital with a registered capital of US$791 million accounting for 23% of total, followed by Ha Noi with US$519 million accounting for 15% and HCMC with US$464 million making up 13%.

The country has attracted considerable FDI in IP infrastructure development and logistics from late 2016 thank to improved economic growth. Viet Nam is said to be one of the most promising markets in Asia Pacific.

Viet Nam’s property market will be able to witness recovery in the year thanks to the increase in demand for apartment, office leasing space, hotel, and IP.

As of December 31, 2016, the country was home to 324 IPs, with 220 operational.

By Vien Nhu

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