March 29, 2023 | 06:30

FDI attraction at $5.45 billion in Q1

Anh Nhi

522 new FDI projects granted licenses in the first quarter of the year.

FDI attraction at $5.45 billion in Q1

Vietnam attracted FDI of nearly $5.45 billion in the first quarter of this year, equivalent to 61.2 per cent of the figure in the same period last year, according to the Foreign Investment Agency (FIA) at the Ministry of Planning and Investment.

There were 522 new FDI projects granted investment licenses in the period, with total registered capital of over $3 billion, up 62.1 per cent in project numbers but down 5.9 per cent in capital year-on-year.

Meanwhile, more than $1.21 billion was added to 234 existing FDI projects.

The FIA said the proportion of new investment capital out of total registered capital increased while the rate of additional capital fell. In particular, the number of new projects continued to rise. Small and medium-sized foreign investors have continued to trust Vietnam’s investment environment.

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