Business

Foreign investment shoots up 136 percent in five months

Foreign direct investment (FDI) worth nearly 10.16 billion USD flowed into Vietnam in the first five months of this year, an increase of 136.4 percent from the same period last year.
Foreign investment shoots up 136 percent in five months ảnh 1 Illustrative photo (Photo:VNA)

Hanoi (VNA) – Foreign direct investment (FDI) worth nearly 10.16 billion USD flowed into Vietnam in the first five months of this year, an increase of 136.4 percent from the same period last year, according to the Ministry of Planning and Investment.

As of May 20, Vietnam had 907 new FDI projects with a total registered capital of 7.56 billion USD, a year-on-year rise of 155.9 percent while 425 adjusted-capital projects brought in 2.59 billion USD, up 93.3 percent from last year.

Some 5.8 billion USD was disbursed, rising 17.2 percent against a year ago.

Hanoi topped other localities to become the most attractive destination for foreign investors. The capital city lured 1.96 billion USD in FDI in the period, accounting for 19.3 percent of total registered FDI in the country.

This was followed by Hai Phong with 1.71 billion USD or 16.9 percent and Dong Nai province with 921.8 million USD or 9.1 percent.

A large amount of the investments were in the processing and manufacturing sector. The Republic of Korea remains the top investor among the 45 countries and territories that invested in Vietnam in the period.-VNA

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