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Economy

Vietnam’s five-month FDI disbursement rises 7.8 percent

Hoang Ha Tuesday | 06/07/2022 10:30

Photo: VGP

Disbursed volume of FDI reached $7.71 billion over the last five months, up 7.8 percent from the same period last year, according to the Ministry of Planning and Investment.

As of May 20, Vietnam attracted $11.71 billion in FDI, equal to 83.7 percent of the same period last year.

Of the above figure, foreign investors pledged to invest $4.12 billion in 578 new projects, down 53.4 percent, and to add $5.61 billion in 395 existing projects. 

Meanwhile, the accumulative value of share purchase by foreign investors rose 51.6 percent to $1.98 billion.

Foreign capital has been poured into 18 out of 21 economic sectors, with processing and manufacturing making up the lion share, $6.8 billion or 58.2 percent of the total registered capital, followed by real estate, information-communications, and science-technology.

Among the 79 countries and territories investing in Vietnam, Singapore took the lead with nearly $3 billion, followed by the Republic of Korea ($2.06 billion), and Denmark ($1.32 billion).

The southern province of Binh Duong, the northern province of Bac Ninh and Ho Chi Minh City attracted the most foreign investments, with more than $2.52 billion, nearly $1.65 billion and over $1.3 billion, respectively.

Source: VGP

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