FDI disbursement tops US$4.2 billion

Disbursement of existing foreign direct investment (FDI) recorded a year-on-year rise of 5% to hit US$4.2 billion in the first four months of this year, according to the latest report from the Ministry of Planning and Investment's Foreign Investment Agency.

Photo for Illustration (Photo: Thai Thien).

According to the report, total FDI registered in the country topped more than US$3.72 billion in the January-April period, equivalent to 76.7% of the figures for the same period last year.

It included more than US$2.67 billion from 448 new foreign-invested projects (a decrease of 17.1%) and US$1.04 billion added to 167 operating projects (a fall of 35.7%).

Foreign investors placed their investments in 14 sectors during the period. Of these, the manufacturing and processing sector attracted the largest share of FDI with US$2.83 billion, or 76% of the nation's total FDI.

The Republic of Korea remained Vietnam's biggest foreign investor with more than US$9.08 million, making up 24.4% of the total FDI registered.

The southern province of Dong Nai was the most attractive destination for foreign investors with US$916.7 million in FDI investment, accounting for 24.6% of the nation's total.

(Source: nhandan.org.vn)