Vietnam’s FDI inflow in Q1 hits three-year high

Foreign direct investment (FDI) registered in Vietnam in the first quarter of this year hit the highest level since 2016, according to the Foreign Investment Agency of the Ministry of Planning and Investment.

Foreign investors registered nearly 11 billion USD in new and additional capital and capital for buying shares of domestic firms, up 86% against the same period last year.

Foreign investors poured money into 18 sectors, mainly processing and manufacturing, followed by real estate and technology.

The Foreign Investment Agency reported that 74 countries and territories invested in Vietnam in the first quarter. Hong Kong (China) topped the list, followed by Singapore, the Republic of Korea, China, and Japan.

The FDI capital flowed into 49 provinces and cities. Hanoi was the top destination. Ho Chi Minh City and Binh Duong province came second and third.

Source: VOV5