FDI disbursements top 3.6 billion USD in four months
Disbursement of foreign direct investment (FDI) hit 3.61 billion USD in the first four months of this year, representing a modest decrease of 0.3 percent against same period last year, according to Foreign Investment Agency statistics.
Among the largest projects are the Japan-invested Tokyu Binh Duong urban area worth 1.2 billion USD, a tyre manufacturing plant worth 575 million USD, a 300 million USD fibre production plant and a 180 million USD shipbuilding factory financed by Oshima Shipbuilding Vietnam.
Processing and manufacturing surpassed real estate to become the most attractive sector to foreign investors. It was worth 2.3 billion USD, accounting for 55.6 percent of the total FDI.
The real estate sector ranked second with 1.57 billion USD, making up 37 percent of the total FDI, while the transport and storage sectors came third, worth 180 million USD.
Out of 32 nations and territories, Japan was the leading source of foreign investment, pumping 2.86 billion USD into Vietnam in the first four months. It was followed by the British Virgin Islands, which invested 438 million USD and Hong Kong , 351 million USD.
Southern Binh Duong province drew the largest share of FDI, worth 1.58 billion USD, with northern Hai Phong city in second at 664 million USD and HCM City in third with 460 million USD.
