FDI disbursement hits five-year high

Disbursement of foreign direct investment in Vietnam in the first quarter of this year rose by 7.8 percent compared to the same period last year to 4.42 billion USD, a five-year record.

According to the General Statistic Office, more than 4 billion USD of capital was added by foreign businesses to 228 operating projects in the period, up over 93 percent year-on-year.

In the period, Singapore was Vietnam’s leading foreign investor with nearly 2.3 billion USD. The Republic of Korea followed with more than 1.6 billion USD and Denmark came third with 1.32 billion USD.

Earlier, economic experts said Vietnam remained an attractive destination for foreign investment, which was likely to experience a surge in 2022 after a long hiatus due to the pandemic.

An increase in the number of new projects and investments in existing projects showed the strong confidence of foreign firms in the country's investment environment, they said./.

VNA