Vietnam attracts US$10.86 billion in FDI capital over five months
VOV.VN - Vietnam attracted US$10.86 billion worth of foreign direct investment (FDI) capital during the first five months of the year, marking a decline of 7.3% year on year, according to the Foreign Investment Agency under the Ministry of Planning and Investment (MPI).
Of the figure, US$5.26 billion was poured into new projects, an increase of 27.8% from the previous year.
Meanwhile, existing projects had their capital adjusted with an amount of US$2.28 billion, representing a fall of 59.4% year on year.
Furthermore, there were also capital contributions and share purchases valued at US$2.28 billion, up 67.2% from a year ago.
The Foreign Investment Agency reported that the attraction of foreign investment into Vietnam has improved, with small and medium-sized foreign investors still placing their trust in the local investment environment by pouring more investment into new projects in the country.
Foreign financiers poured funds into 18 out of 21 national economic sectors. Of which, processing and manufacturing continued to lead the way with a total investment of nearly US$6.64 billion, followed by finance and banking, and real estate with nearly US$1.53 billion and US$1.16 billion, respectively.
Among the 82 countries and territories investing in the Vietnamese market, Singapore was the largest foreign investor during the January - May period, with US$2.53 billion, accounting for 23.3% of the total and marking a fall of 14.3% year on year.
Japan and China came second and third with US$2.1 billion and US$1.61 billion, respectively. Other large investors included Taiwan (China), Hong Kong (China), and the Republic of Korea.
Hanoi made up the largest FDI recipient with US$1.87 billion, up 2.7 times against the same period last year.
The capital was followed by Bac Giang with more than US$1 billion, rising by 2.4 times compared to a year ago. Others in the top five were Ho Chi Minh City, Binh Duong and Dong Nai provinces.
