Vietnam attracts additional US$7.1 billion in FDI

Wednesday, 2018-05-30 11:11:48
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The manufacturing and processing industry was the most attractive destination with a total capital of US$2.2 billion.
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NDO - Vietnam reeled in around US$7.1 billion in newly registered and additional capital from foreign investors in the five months of this year.

Vietnam had granted investment licences to 1,076 new projects as of May 20, with a total registered capital of US$4.6 billion, up 14.6% in project numbers and down 16.8% in capital against those of the same period last year. 393 projects saw capital adjustments with additional investments of US$2.5 billion.

In the first five months of the year, there were 2,341 deals made by foreign investors to contribute capital to businesses and to buy shares of Vietnamese businesses with total capital of US$2.75 billion, an annual rise of 53.4%.

In the period between January and May, the manufacturing and processing industry was the most attractive destination with a total capital of US$2.2 billion, equal to over 49% of the country’s total registered capital. It was followed by the production and distribution of electricity, gas, hot water and steam, and air conditioners with US$898 million, accounting for 19.3%; real estates (US$623.3 million; 13.4%) and the remaining industries (US$846.1 million; 18.2%).

Among the 43 cities and provinces that received FDI in the first five months of 2018, Ho Chi Minh City was on top with US$541 million, followed by Hanoi (US$525.6 million), Binh Duong (US$403.8 million), and Dong Nai (US$373.6 million).

Among the 50 nations and territories investing in Vietnam in the first five months, the Republic of Korea topped the list with a registered capital of more than US$1 billion, accounting for 22% of the country’s total registered capital. Japan, Thailand and Singapore followed with US$904 million, US$536 million and US$503 million, making up 19%, 11,5% and 10.8% of the total capital, respectively.