Photo for illustration. chinhphu.vn

The processing and manufacturing sector attracted the largest amount of foreign direct investment (FDI) in January, absorbing 189 million USD in both newly-registered and additional capital, according to the Ministry of Planning and Investment.

The second most attractive sector was real estate, receiving a total of 176.3 million USD, followed by transport and warehouse with 17 million USD.

Businesses from 19 countries and territories invested a total of 397 million USD in both new and existing projects in Vietnam in January. The flow of capital in newly-licensed projects dropped by 52.4 percent compared to a year earlier to 211 million USD, while the amount of capital added to existing projects totaled 186.1 million USD, a surge of 183.9 percent against the same period last year.

Singapore was the leading foreign investor in Vietnam in the period with 132.65 million USD, accounting for one third of the total FDI flow into the country. The Republic of Korea ranked second with 88.8 million USD and Hong Kong came third with 44 million USD.

The northern port city of Hai Phong received the most FDI capital with 123.3 million USD, 31.05 percent of the total figure. It was followed by the southern province of Binh Duong with 71.3 million USD and the southern province of Ba Ria-Vung Tau was third with 61.5 million USD.

Capital disbursement by foreign-invested projects reached 465 million USD in January, representing a year-on-year increase of 3.3 percent.

At the same time, the FDI sector posted an estimated export value of 6.78 billion USD, equivalent to 90.8 percent of the same period last year. The sector accounted for 65.8 percent of the country’s export turnover.

Source: VNA