Vietnam's foreign investment surges to over US$10 billion in Jan-May
Vietnam has been promised US$10.15 billion of foreign direct investment in the first five months this year, up a staggering 136% from a year ago, according to new data.
A statement from the Ministry of Investment and Planning said Vietnam licensed 907 new foreign projects worth US$7.56 billion. Another US$2.59 billion was registered for existing projects.
The Republic of Korea remained the top investor among 60 countries and territories by committing another US$3.42 billion, or nearly 34% of the pledges.
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Luxembourg came second with nearly US$1.25 billion, followed by Singapore with US$907 million.
Manufacturing and processing sectors continued to be the top sector, accounting for 65% of the registered funds, followed by information and communication with nearly 13% and real estate, 5.3%.
Investment worth US$5.8 billion was disbursed during the period, which was a 17.2% increase from last year.
The FDI sector has been enjoying good business in Vietnam this year. It reported a trade surplus of US$9.1 billion in the first five months.
