FDI inflow bounces back thanks to investors’ growing confidence

Thuy Dung Monday | 05/29/2023 17:11

In five months, the disbursement of FDI hit US$7.56 billion, down 0.8 percent. Photo by VGP.

As of May 20, Viet Nam attracted US$10.86 billion in foreign direct investment, reported Foreign Investment Agency (FIA), under the Ministry of Planning and Investment.

During January-May, the total registered capital was worth over US$5.26 billion, up 27.8 percent year-on-year while the total additional registered capital was estimated at US$2.28 billion, down 59.4 percent. 

Meanwhile, the capital contributions and share purchases by foreign investors reached nearly US$3.32 billion, up 67.2 percent. 

The FIA said that the achievements are thanks to foreign investors' growing confidence in Viet Nam's investment environment. 

In five months, the disbursement of FDI hit US$7.56 billion, down 0.8 percent. 

During the reviewed period, foreign investors poured funds into 18 industries out of a total of 21 national economic sectors. 

Of which, the processing and manufacturing industry continued to lead with a total investment of nearly US$6.64 billion, accounting for nearly 61.2 percent of the total registered investment capital. 

The finance and banking sector ranked second with total investment capital of more than US$1.53 billion, accounting for 14.1 percent of total registered investment capital.

It was followed by real estate and science-technology with US$1.16 billion and US$481 million, respectively. 

Regarding investment partners, 82 countries and territories invested in Viet Nam in the first five months of this year. Among which, Singapore led with a total investment capital of more than US$2.53 billion, accounting for 23.3 percent of total investment capital in Viet Nam. Japan was the runner-up with nearly US$2.1 billion, accounting for nearly 19.1 percent.

By investment location, the capital city of Ha Noi was Viet Nam's top locality for FDI attraction in the first five months of 2023 with US$1.87 billion, making up 17.2 percent, followed by Bac Giang Province, Ho Chi Minh City, Binh Duong Province and Dong Nai Province.

Source: VGP

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