Japanese investors out of top three largest foreign investors during January-March

Japanese investors disappear from top three of largest foreign investors in Vietnam in first quarter of this year

The investment capital of the three largest foreign investors made up 51.45 per cent of the total foreign direct investment (FDI) capital inflow in Vietnam.

According to the statistics of the Foreign Investment Agency (FIA) of the Ministry of Planning and Investment (MPI), in the first three months of this year, Vietnam attracted $5.8 billion in foreign investment capital, reaching 75.2 per cent of last year's figure. This included $3.91 billion of FDI and $1.89 billion in M&A deals.

Notably, as of March 20, 618 newly-registered projects received investment certificates with the total investment capital of $2.12 billion, 72.7 per cent of last year's figure, while 199 existing projects received added capital of $1.79 billion, 45.4 per cent. Meanwhile, 1,285 M&A deals were signed with a total investment capital of $1.89 billion.

In the first quarter of this year, foreign investors invested in 17 industries nationwide. The processing and manufacturing industry still maintains the top position with a total of $3.44 billion, equaling 59.4 per cent of the total FDI inflow into the country. The runners-up are the wholesale and retail industry with $531 million and the real estate industry with $486 million.

Besides, Vietnam’s cities and provinces saw decreasing FDI capital inflows as well changes in the ranking of provinces and cities receiving the largest FDI volume.

Notably, foreign investors poured capital into 49 cities and provinces across the country. Ho Chi Minh City ranked first with $1.7 billion, making up 29.3 per cent of the total FDI inflow, while Haiphong overcame Nam Dinh to become the destination receiving the second largest FDI volume with $925 million, equaling 16 per cent of the total. Binh Duong remained third with $565 million.

List of outstanding FDI projects in the first quarter:

• 100 per cent Hong Kong invested Regina Miracle International Vietnam Co., Ltd. added $260 million to its existing sport clothes and shoes manufacturing factory in Haiphong.
• The $150-million Hanbaram wind-power project in Ninh Thuan province and the $80-million garment project funded by Ramatex Nam Dinh in Nam Dinh province
• A project producing motor vehicle spare parts in Hai Duong province of Kefico Vietnam Company added $120 million to its investment project.
• A solar panel factory of Vina Cell Technology Company added $100 million to its investment project in Bac Giang province.