During the first four months of 2015, Vietnam has attracted $3.72 billion in FDI, decreasing 23.3 per cent compared to the same period in 2014, according to reports by the Ministry of Planning and Investment.

As of April 20, foreign investors have invested in 615 projects, including 448 new projects with a total capital of $2.67 billion a decrease of 17 per cent from last year, and expanded 167 existing projects with $1.05 billion.

The processing and manufacturing sector ranks first in attracting foreign investment with 320 projects and $2.83 billion in capital, making up 76 per cent of total FDI in the country. Property ranks second with 15 projects worth $327.7 million.

There are 42 countries investing in 14 sectors of the Vietnamese economy. South Korea became the biggest investor with 197 projects worth $908.88 million (24.4 per cent of total FDI in the country), including $674.76 million in 143 new projects and $234.21 million in added capital to existing ones. The other big investors are Turkey and the British Virgin Islands with a total capital of $660 million and $509.6 million, respectively.

By regional partition, Dong Nai province overtook Ho Chi Minh City in attracting the biggest amount of FDI, with 48 projects and $916.75 million in capital, equal to 24.6 per cent of total FDI in Vietnam. Total FDI in Dong Nai province includes $797.45 million in 31 new projects and $119.3 million in added capital to existing ones.

The runners-up are Ho Chi Minh City and Hai Phong City with total capitals of $784.9 million and $292.1 million, respectively.

There are four outstanding projects running in the country at the moment. The first of these is a $660 million fibre production project named Hyosung Dong Nai Co., Ltd  located in a Dong Nai industrial park, which specializes in processing products, such as spandex, nylon and polyester and steel fibres for making tyres. Another one consists of a British Virgin Islander’s$300 million invsestment project in Ho Chi Minh City, which produces luxury garment products. The remaining outstanding projects consist of a Korean investor’s wind power plant located in Tra Vinh province with a total capital of $120 million and another Korean investor’s $100 million project in Ha Nam province, which produces telecommunication and LED lighting equipment.

Source: http://www.vir.com.vn