FDI disbursement rises 6.7% in five months

The disbursement of foreign direct investment (FDI) capital from early this year to May 20 was estimated at US$7.15 billion, an increase of 6.7% over the same period in 2020, according to the Ministry of Planning and Investment.

Manufacturing was the most attractive sector in Vietnam which attracted US$6.14 billion in FDI in five months. (Illustrative image)
Manufacturing was the most attractive sector in Vietnam which attracted US$6.14 billion in FDI in five months. (Illustrative image)

During the five-month period, total newly registered and supplemented FDI capital was posted at nearly US$14 billion, up 0.8% over the corresponding period last year.

As many as 613 projects were licensed in the first five months of this year with total registered capital of nearly US$8.83 billion, up 18.6% over the same period last year, while 324 projects registered increased capital of US$3.86 billion, and the remaining US$1.31 billion was from capital contribution and share purchases by foreign investors.

Foreign investors poured their capital into 56 provinces and cities across the country, with the largest amount of capital poured into Long An Province with total registered capital of US$3.35 billion, accounting for 23.9% of total registered capital in the five-month period. Ho Chi Minh City was the runner-up with US$1.34 billion and Can Tho came in third with US$1.32 billion in FDI capital.

Manufacturing was the most attractive sector in Vietnam which attracted US$6.14 billion in FDI in five months.

Singapore was the largest foreign investor in Vietnam in the five-month period with a total investment capital of US$5.26 billion, accounting for 37.6% of total FDI capital in Vietnam. It was followed by Japan, the Republic of Korea and China.