Business

Vietnam's five-month FDI rises sharply nationwide

The total inflows of foreign investment in Vietnam this year to May 20, including new and added investment and contributions for share purchases by foreign investors, reached nearly 10.86 billion USD, down 7.3% year-on-year, but up 10.6 percentage points as compared with the figure in the first four months of this year, the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment reported.
Vietnam's five-month FDI rises sharply nationwide ảnh 1More than 5.26 billion USD is injected into 962 new projects in the five months. (Photo: baodautu.vn)
Hanoi (VNA) – The total inflows of foreign investment in Vietnam this year to May 20, including new and added investment and contributions for share purchases by foreign investors, reachednearly 10.86 billion USD, down 7.3% year-on-year, but up 10.6 percentage pointsas compared with the figure in the first four months of this year, the Foreign InvestmentAgency (FIA) under the Ministry of Planning and Investment reported.

Of the sum, more than 5.26 billion USD was injectedinto 962 new projects, representing year-on-year increases of 27.8% in valueand 66.4% in value, the agency said.

According to the agency, 1,278 transactions of capitalcontribution for share purchases were recorded in the period with a combinedvalue of nearly 3.32 billion USD, down 5.6% in number of transactions but up 67.2% in value.
Nevertheless, 485 projects registered to adjust theirinvestment with additional capital of nearly 2.28 billion USD, a drop of up to59.4% from the corresponding time last year.

The processing and manufacturing sector was thelargest recipient of FDI, with more than 6.64 billion USD, accounting for 61.2%of the total pledges, followed by finance-banking, real estate, andscience-technology.
Vietnam's five-month FDI rises sharply nationwide ảnh 2Illustrative image (Source: VNA)
Among the 82 countries and territories investing inVietnam during the period, Singapore took the lead with over 2.53 billion USD, makingup more than 23.3% of the accumulative figure.

Japan and China came second and third with nearly2.1 billion USD and some 1.61 billion USD, respectively. Other large investorsincluded Taiwan (China), Hong Kong (China), and the Republic of Korea.

Foreign investments were poured into 50 out of the63 cities and provinces, of which Hanoi received the most, with about 1.87 billionUSD, accounting for about 17.2% of the sum, followed by the northern provinceof Bac Giang, and HCM City, Binh Duong, and Dong Nai provinces in the south.

However, HCM City topped the list in the numbers of newand adjusted projects, and capital contribution for share purchases./.
VNA
#foreign investment #share purchases #Foreign Investment Agency #Ministry of Planning and Investment #Vietnam #VietnamPlus #Vietnam news
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