FDI disbursement up 7.8 % in five months
Up to US$7.71 billion worth of foreign direct investment (FDI) was disbursed in the first five months of this year, up 7.8 % from the same period in 2021, according to the Ministry of Planning and Investment.
As of May 20, total FDI in Vietnam, comprising new, adjusted capital and share purchases by foreign investors, dropped 16.3 % year-on-year to reach only US$11.71 billion.
There were 578 new projects worth nearly US$4.12 billion, down 53.4 % in value, and 395 others registering to increase their investment by more than US$5.61 billion, up 45.4 %. The accumulative value of share purchase by foreign investors also rose 51.6 % to US$1.98 billion.
Foreign capital has been poured into 18 out of 21 economic sectors, with processing and manufacturing making up the lion share, US$6.8 billion or 58.2 % of the total investment, followed by real estate, information-communications, and science-technology.
Among the 79 countries and territories investing in Vietnam in the reviewed period, Singapore took the lead with nearly US$3 billion, followed by the Republic of Korea (RoK), US$2.06 billion, and Denmark, some US$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 US$2.52 billion, nearly US$1.65 billion and over US$1.3 billion, respectively.
