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FDI Touches Nearly US$400 Mln in Jan

They include a Singaporean-invested VSIP Hai Phong project to supply urban management and industrial services, and a Midea Consumer Electric Vie Nam-invested project to produce electric equipment and components in Binh Duong province. FDI disbursement rose 3.3 percent in the reviewed period to around US$465 million. The FDI sector’s exports (including crude oil) were valued at approximately US$6.78 billion, equal to 90.8 percent of last year’s figure and accounting for 65.83 percent of the country’s total export value. Processing and manufacturing industry took the lead with 25 projects capitalized at US$189.04 million; closely followed by real estate and logistics with US$176.33 million and US$17.05 million, respectively. Singapore topped the list of foreign investors in Vietnam in January, pouring in US$132.65 million. It was followed by the Republic of Korea with US$88.8 million and Hong Kong US$44 million. Hai Phong city was the biggest FDI attractor with US$123.3 million or 31.05 percent of the total. Binh Duong and Ba Ria-Vung Tau came in second and third, with US$71.32 million and US$61.54 million, respectively.