FDI inflows total over US$2.36 bln in January

FDI inflows total over US$2.36 bln in January 29/01/2024 15:14:00 289

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FDI inflows total over US$2.36 bln in January

29/01/2024 15:14:00

VGP – Foreign direct investment (FDI) inflow reached more than US$2.36 billion in January, an increase of 40.2 percent against the same period last year, official data shows.

The above figure includes over US$2 billion poured in 190 newly-licensed projects, up 66.9 percent and 24.2 percent in terms of investment value and number of projects, respectively, according to the Foreign Investment Agency (FIA).

Foreign investors committed to invest in 15 out of 21 economic sectors, with real estate business accounting for 53.9 percent of the total FDI inflows, followed by manufacturing and processing with 39.2 percent.

Singapore was the biggest foreign investor with US$1.4 billion, followed by Japan with US$297 million.

Thirty-five localities received foreign investment during the first month of the year, with Ha Noi taking the lead by luring more than US$867 million, followed by the southern province of Ba Ria-Vung Tau with US$282 million.

Meanwhile, the disbursed FDI volume increased by 9.6 percent to US$1.48 billion in the reviewed period.

Last year, FDI inflows were estimated at US$23.18 billion while the disbursed volume reached all time high of US$23.2 billion, reported the General Statistics Office./.

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