Business

FDI inflow increases 10.9% to 18 billion USD in January – July

Foreign investors registered to put in more than 18 billion USD in Vietnam as of July 20, a rise of 10.9% over the same period last year, according to the latest updates of the Foreign Investment Agency.

A Japan-invested enterprise in Hoa Binh province. Foreign investors registered to invest more than 18 billion USD in Vietnam as of July 20, a rise of 10.9% over the same period last year. (Photo: VNA)
A Japan-invested enterprise in Hoa Binh province. Foreign investors registered to invest more than 18 billion USD in Vietnam as of July 20, a rise of 10.9% over the same period last year. (Photo: VNA)

Hanoi (VNS/VNA) - Foreign investors registered to put in more than 18 billion USD in Vietnam as of July 20, a rise of 10.9% over the same period last year, according to the latest updates of the Foreign Investment Agency.

Of the figure, more than 12.55 billion USD has been disbursed, up by 8.4%.

Average capital per project is 5.9 million USD, higher than the average in the seven-month period of 2023.

In January - July, new FDI flow totalled 10.76 billion USD, up by 35.6%, and additional capital totalled 4.97 billion USD, up 19.4%, while foreign investment through contributing capital and buying stakes dropped by 45.2% to 2.27 billion USD.

Foreign investors were present in 18 out of 21 economic sectors.

The processing and manufacturing industry took the lead, with a total investment of more than 12.65 billion USD, or 70.3% of the total registered FDI, up by 15.7% against the same period last year.

The real estate business came second with a total investment of 2.87 billion USD, up 78%, followed by wholesale and retail businesses with 740.5 million USD.

Among 91 countries and territories with investment in Vietnam, Singapore is the largest investor, registering to pump nearly 6.52 billion USD in Vietnam, up 79.1%.

Hong Kong is the second largest investor with a total investment of 2.19 billion USD, more than doubling the same period last year.

Kyrgyzstan is a new investor in July with a project worth 5 million USD, making it the thirty fourth largest out of 91 countries investing in Vietnam from the beginning of this year.

To date, 147 countries and territories have invested in Vietnam.

Foreign investors invested in 48 out of 63 provinces and cities in the period with Bac Ninh being the top destination, with a total investment of nearly 3.2 billion USD, more than three times higher than the same period last year, followed by Quang Ninh with 1.56 billion USD, 2.2 times higher and Ho Chi Min City with 1.55 billion USD./.

VNA
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