As many as 500 new foreign direct investment (FDI) projects were licensed in the first five months of this year, with a total registered capital of 3.67 billion USD.

The country saw 167 foreign projects adding another 1.84 billion USD to their capital, according to the Ministry of Planning and Investment.

The southern province of Binh Duong was the most attractive destination, with 813.6 million USD, followed by Ho Chi Minh City and southern Dong Nai province with 775.6 million USD and 579.7 million USD, respectively.

Out of the 38 countries and territories investing in newly-licensed projects in Vietnam, the Republic of Korea topped the list with investments totalling 1.3 billion USD, or 24 percent of the combined FDI cash injection.

It was followed by Hong Kong and Japan with respective investments worth 629.9 million USD and 588.6 million USD.

Last year, Vietnam lured more than 12,000 new FDI projects and about 500 existing ones increased their capital with nearly 22 billion USD.-VNA