Vietnam attracts a further US$4.29 billion FDI

The Foreign Investment Agency (FIA) under the Ministry of Planning and Investment announced on May 26 that a further US$4.29 billion of foreign direct investment (FDI) has been added to current FDI investment for the first five months of the year, equal to 78% of the same period last year.

The RoK ranks first in investment in Vietnam.
The RoK ranks first in investment in Vietnam.

The FIA also said that US$4.95 billion has been disbursed in FDI projects, a 7.6% year-on-year rise.

Exports from the FDI sector (including crude oil) have brought in US$44.37 billion, a 12.2% year-on-year increase accounting for 70% of the total export turnover, while the sector’s imports have cost US$39.67 billion, a 23.2% year-on-year rise accounting for 67% of the total import expense, making a US$4.69 surplus.

As of May 20, 592 new projects were licensed with a total registered capital of US$2.95 billion, equal to 80.6% of the same period last year. Meanwhile, 210 projects registered to raise their investment capital with a total of US$1.34 billion, equal to 72.9% of the same period last year.

Processing and manufacturing sectors have attracted the most FDI with 291 newly-registered and 142 added-capital projects, adding US$3.15 billion and accounting for 73.4% of the total registered investment capital.

Real estate followed with 10 newly-registered and seven added-capital projects, adding US$461.5 million and accounting for 10.7% of the total investment capital. The wholesale, retail and repair sectors came third with 92 newly-registered and 19 added-capital projects with an added US$234.12 million.

Among 47 countries and territories investing in Vietnam, the Republic of Korea (RoK) ranked first with US$1.1 billion in newly-registered and added capital, accounting for 25.7% of the country’s investment capital. Following were the British Virgin Islands with US$663.24 million, Turkey with US$660.2 million and Japan with US$431.7 million.

In the past five months, Ho Chi Minh City attracted the most FDI with US$983.5 million in newly-registered and added capital, accounting for 22.9% of the total registered capital, while Dong Nai and Hai Phong followed with US$948.7 million and US$319.3 million respectively.

The southeastern region attracted the most FDT with US$2.29 billion newly-registered and added capital while the Red River and Highlands regions ranked second and third with US$1.24 billion and US$17.43 million respectively.