Business
Foreign investors pour about 1.58 billion USD into Vietnam in January
The country`s total foreign direct investment from new projects and underway projects made in January reached 1.58 billion USD, a growth of 9.5 percent over the same period in 2016.
As of January 20, the country granted the licences for 175 new projects with a total investment of 1.244 billion USD, a increase of 23 percent over the same period last year, according to the Ministry of Planning and Investment Investment’s Foreign Investment Agency.
In the first month of this year, 179.1 million USD was added to 76 underway projects, equivalent to 55.4 percent of that in the same time in 2016, while foreign investors also poured 165 million USD to buy shares in companies.
The results brought total investment made in January to 1.58 billion USD, a rise of 9.5 percent over the same period in 2016.
In the period, total disbursement of direct foreign-invested projects was 850 million USD, up 6.3 percent compared to that in the same time last year.
Among 16 areas attracting foreign investment, the processing industry attracted the largest amount of 1.04 billion USD, accounting for 65.5 percent of total investment in January. Real estate ranked second with 314.8 million USD, followed by the wholesale and retail sector with combined 66.75 million USD.
In the reviewed time, Singapore led the list among 50 countries and territories investing in Vietnam with total capital of 477.8 million USD, accounting for 30.1 percent of total investment, followed by the Republic of Korea with 471.2 million USD and China with 338.3 million USD.
In January, foreign investors poured their money into 37 province and cities, with the biggest investment of 696.3 million USD injected in the southern province of Binh Duong, 201.2 million USD into HCM City, and 159.4 million USD into the northern province of Bac Giang.
Major projects licenced during the month include the Vietnam-Singapore Industrial Park 3 in Binh Duong worth 284.75 million USD, and the 220 million USD KTV-1 tire fabric project invested by Kolon Industries in Binh Duong.
The agency also reported that the foreign investment sector’s exports (including crude oil) reached 10.291 billion USD, a rise of 9.7 percent year on year, making up 70.4 percent of total export revenue.
In this month, after the recent Lunar New Year (Tet) holiday, enterprises in many localities have seen an increasing demand for labourers. About 600 businesses located in Binh Duong reported a need of nearly 2,000 new workers, including 18,000 unskilled labourers. This year, Dong Nai’s businesses need about 79,000 labourers, including over 60,600 unskilled ones.
Besides, firms in local export processing zones and industrial parks in HCM City have recorded no noticeable changes in their employees after the long Tet festival.
Currently, the firms are employing about 285,000 workers, over 70 percent of whom are from other localities.
In the first month of this year, 179.1 million USD was added to 76 underway projects, equivalent to 55.4 percent of that in the same time in 2016, while foreign investors also poured 165 million USD to buy shares in companies.
The results brought total investment made in January to 1.58 billion USD, a rise of 9.5 percent over the same period in 2016.
In the period, total disbursement of direct foreign-invested projects was 850 million USD, up 6.3 percent compared to that in the same time last year.
One of main projects licenced in January includes the Vietnam-Singapore Industrial Park 3 in Binh Duong worth 284.75 million USD.
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In the reviewed time, Singapore led the list among 50 countries and territories investing in Vietnam with total capital of 477.8 million USD, accounting for 30.1 percent of total investment, followed by the Republic of Korea with 471.2 million USD and China with 338.3 million USD.
In January, foreign investors poured their money into 37 province and cities, with the biggest investment of 696.3 million USD injected in the southern province of Binh Duong, 201.2 million USD into HCM City, and 159.4 million USD into the northern province of Bac Giang.
Major projects licenced during the month include the Vietnam-Singapore Industrial Park 3 in Binh Duong worth 284.75 million USD, and the 220 million USD KTV-1 tire fabric project invested by Kolon Industries in Binh Duong.
The agency also reported that the foreign investment sector’s exports (including crude oil) reached 10.291 billion USD, a rise of 9.7 percent year on year, making up 70.4 percent of total export revenue.
In this month, after the recent Lunar New Year (Tet) holiday, enterprises in many localities have seen an increasing demand for labourers. About 600 businesses located in Binh Duong reported a need of nearly 2,000 new workers, including 18,000 unskilled labourers. This year, Dong Nai’s businesses need about 79,000 labourers, including over 60,600 unskilled ones.
Besides, firms in local export processing zones and industrial parks in HCM City have recorded no noticeable changes in their employees after the long Tet festival.
Currently, the firms are employing about 285,000 workers, over 70 percent of whom are from other localities.
