In the first 3 months of 2017, total foreign investment in Vietnam reached 7.71 billion USD, more than double the amount of 3.4 billion USD in the first two months and increases by 91.5% over the same period last year.
As announced by the Foreign Investment Agency (Ministry of Planning and Investment), as of March 20th 2017, the whole country has 493 new projects that have just been granted investment certificates with total registered capital of 2.9 billion USD, increases by 6.5% over the same period in 2016.
In addition, there are 223 projects registered to increase investment capital, with total registered capital increase of 3.94 billion USD, increase by 206.4% over the same period in 2016. Also, there are 1,077 capital contribution and share purchases transactions of foreign investors with total investment capital of 852.86 million USD, increases by 171.5% over the same period in 2016.
Thus, totally in the first quarter of 2017, the total newly registered, increased and contributed capital to buy shares are 7.71 billion USD, increases by 91.5% over the same period in 2016.
Looking at these numbers, we can see that foreign investment into Vietnam is increasing drastically. In the first two months of 2017, the figure was just 3.4 billion USD, after three months, the figure is more than double, reaches 7.71 billion USD.
It is not difficult to explain this strong acceleration. The fact is in March, there are many large scale projects are granted investment certificate. Among them, the most noticeable is the expansion project of Samsung Display in Bac Ninh, with additional capital of 2.5 billion USD.
Also in March, a number of other large-scale projects have received approvals for newly registration or capital increases from Vietnam authorities.
Notably, the factory project of Polytex Far Eastern Co., Ltd (Vietnam), invested by Taiwanese investors in Binh Duong, with the objective of producing polyester fiber products, has just adjusted for additional investment capital of 485.8 million USD; the Coca-Cola Beverages Vietnam project in Hanoi registers to increase its investment capital to 319.8 million USD.
Besides, the Vietnam Singapore III Industrial Park project in Binh Duong with total investment capital of 284.75 million USD; Tole Panel Manufacturing Factory project in Binh Phuoc with total investment capital of 269.54 million USD; the KVT-1 tire production project in Binh Duong of Kolon Industries Inc., with registered capital of 220 million USD…
It was not out of expectation, thanks to the billion USD project, Bac Ninh has become the most attracting foreign investment destination since the beginning of this year, with total registered capital of 2.61 billion USD, accounting for 33.86% of total investment in Vietnam.
Binh Duong ranks second with total registered capital of 1.39 million USD, accounting for 18.04% of total investment. Ho Chi Minh City ranks third with a total registered capital of nearly 600 million USD, accounting for 7.78% of total investment capital.
Also thanks to the billion USD project, Korea has returned to crown on the list of major investment partners in Vietnam in the past 3 months, with 3.74 billion USD. Singapore came in second with 910.8 million USD, while China was in third place with 823.6 million USD.
According to the Foreign Investment Agency, up to March 20th, it was estimated that FDI projects have disbursed 3.62 billion USD, increases by 3.4% over the same period in 2016.
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