Vietnam’s FDI inflows slightly fall to $19 billion in eight months
Foreign investors pledged to pour $11.33 billion in newly-licensed 1,135 projects, a year-on-year increase of 16.3 percent in terms of capital volume.
Foreign investors also committed to investment additional $5 billion in 639 existing projects, down 11 percent in number of projects and up 2.3 percent in capital over the same period.
There were 2,720 instances of capital contribution and share purchases by foreign investors, with $2.81 billion, down 43.4 percent in number and 43.4 per cent in capital on-year.
The processing and manufacturing industry took the lead among 18 sectors in attracting foreign investment with nearly $9.3 billion, making up 48.4 percent, it was followed by electricity production and distribution $5.5 billion, real estate $1.6 billion and retail sales $734 million.
Among 92 nations and territories investing in Vietnam, Singapore ranked first with $6.2 billion, accounting for 32.5 percent, followed by Japan $3.2 billion and the Republic of Korea $2.4 billion.
The southern province of Long An was the leading locality in attracting FDI with the registered capital valued at $3.6 billion, making up 18.9 percent.
Ho Chi Minh City and the southern province of Binh Duong occupied the second and third positions with $2.2 billion and $1.7 billion, accounting for 11.4 percent and 8.7 percent, respectively.
Meanwhile, disbursed volume over the last eight months rose by 2 percent to at $11.58 billion, an encouraging signal amidst complex developments of the COVID-19 pandemic.