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Vietnam attracts US$15.41 billion in FDI over seven-month period

Foreign investors have poured a total of US$15.41 billion into the country during the initial seven months of the year, equivalent to 92.9% compared to the same period from last year.

vietnam attracts us 15.41 billion in fdi over seven-month period picture 1

Most notably, newly-registered capital continued to endure a decrease in the reviewed period, with 927 projects worth US$5.27 billion, thereby representing a decline of 7.9% in terms of the number of projects and 43.5% in capital.

The Foreign Investment Agency (FIA) attributed the fall in newly-registered capital to the impact of anti-epidemic measures which were implemented last year.

In contrast, the number of new projects and the amount of additional registered capital has increased compared to the same period from last year with 579 projects, thereby marking a rise of 3.2% and US$7.24 billion, respectively.

Capital contributions and share purchases made by foreign investors stood at over US$2.58 billion, marking an increase of 25.7% on-year.

Furthermore, the adjusted capital and disbursement rate continued to witness a strong upward trajectory, a factor which highlights foreign investors’ trust in the national economy and the country’s investment climate as a whole.

Throughout the reviewed period, foreign financiers invested in 18 industries out of 21 national economic sectors in the country.

Of these, the processing and manufacturing industry continued to lead the way with a total investment of over US$10 billion, thereby accounting for 64.3% of the total registered investment capital.

In line with this, the real estate sector ranked second with total investment capital of over US$3.21 billion, accounting for approximately 20.7% of total registered investment capital.

The FIA revealed that a total of 88 countries and territories invested in the country during the seven-month period. Of which, Singapore leads the way with total investment of over US$4.3 billion, a drop of 27.3% on-year. The Republic of Korea ranked second with over US$3.26 billion, up 48.2% compared to the same period from last year.

Moreover, with the Lego project capitalised at over US$1.3 billion, Denmark continues to rank third with a total registered investment capital of roughly US$1.32 billion, accounting for 8.55% of the total capital, followed by China, Japan, and Hong Kong (China).

Source: VOV


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