Foreign direct investment reaches US$10.13 billion in first quarter

Wednesday, 2021-03-31 10:53:14
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NDO - Total pledges of foreign direct investment (FDI) in the first quarter of 2021 were estimated at US$10.13 billion, up 18.5% over the same period of last year, according to the Foreign Investment Agency.

This is a strong increase after two consecutive months of decline.

Of the figure, newly registered capital rose 30.6% to reach US$7.2 billion while additional investment to existing projects surged 97.4% to US$2.1 billion.

However, total investment through capital contributions and share purchases fell 58.5% to US$908 million.

Key projects to have been granted licenses or injected with additional funds in the first quarter include two natural gas power plants in Long An Province worth US$3.1 billion by a Singaporean investor and the O Mon II thermal power plant in Can Tho worth US$1.31 billion by a Japanese investor.

FDI disbursement in the January-March period rose 6.5% year-on-year to US$4.1 billion.