Foreign direct investment picks up nearly 41%
More than 39,580 enterprises were set up in the first five months of the year with total registered capital of nearly VND370 trillion (US$16.3 billion), up 14% in number of newly-established businesses and 48.9% in capital year-on-year.
The MPI said that the business climate and competitive and business development had improved.
Nearly US$5 billion in FDI capital was disbursed in the period, 3.2% higher than the same time last year. The Republic of Korea ranked first in capital disbursement, followed by Japan and Singapore.
The rapid increase of FDI in Vietnam was spurred by several large-scale projects approved in March. Notably, Samsung Display project got expansion approval in Bac Ninh province with additional investment of US$2.5 billion. This pushed FDI figures to US$7.71 billion in the first quarter, double that of the first two months.
Other big projects getting cash included Taiwan Polytex Far Eastern (Vietnam) Company in Binh Duong province (US$485.8 million), Coca-Cola Vietnam in Hanoi (US$319.8 million additional capital), Vietnam-Singapore Industrial Park III (US$284.75 million), Tole Panel plant in Binh Phuoc province (US$269.5 million) and Kolon Industries Inc (US$220 million) in Binh Duong province.
Related News
Price stability from supply increase and transparency in trading in gold market
09:42 | 25/04/2024 Finance
Wood exports started well
13:26 | 20/04/2024 Import-Export
Latest News
Enterprises want clearer regulations on seafood production
14:05 | 26/04/2024 Import-Export
Vietnam ranks fifth among aquatic product suppliers for Singapore
13:53 | 26/04/2024 Import-Export
Forum seeks to increase PPP investment effectiveness
13:48 | 25/04/2024 Import-Export
Linking businesses with cooperatives to increase the value chain
09:42 | 25/04/2024 Import-Export
More News
Vietnam has a trade deficit of over US$17 billion with China
15:34 | 24/04/2024 Import-Export
Tra fish export to UAE jumps 67% in Q1
13:46 | 24/04/2024 Import-Export
Pepper prices continue increase trend
13:44 | 24/04/2024 Import-Export
More efforts needed to maintain export growth to China: Insiders
13:55 | 23/04/2024 Import-Export
It is expected that there are higher orders and revenue in the second quarter from European businesses
09:31 | 23/04/2024 Import-Export
Vietnamese rice prices on the hike
15:08 | 22/04/2024 Import-Export
FDI flow into garment and textile sector bounces back
15:06 | 22/04/2024 Import-Export
Investors play a key role in developing the industrial park system
10:38 | 22/04/2024 Headlines
Find ways to a corporation for businesses in industrial parks
10:38 | 22/04/2024 Import-Export
Your care
Enterprises want clearer regulations on seafood production
14:05 | 26/04/2024 Import-Export
Vietnam ranks fifth among aquatic product suppliers for Singapore
13:53 | 26/04/2024 Import-Export
Forum seeks to increase PPP investment effectiveness
13:48 | 25/04/2024 Import-Export
Linking businesses with cooperatives to increase the value chain
09:42 | 25/04/2024 Import-Export
Vietnam has a trade deficit of over US$17 billion with China
15:34 | 24/04/2024 Import-Export