VN FDI inflow lags through May
VN FDI inflow lags through May
Foreign direct investment (FDI) into Viet Nam reached US$12.13 billion in the first five months of this year, surging 10.4 per cent against the same period last year.
The period’s FDI increase was much lower than the 40.5 per cent growth seen in the first four months, latest statistics from the Foreign Investment Agency revealed.
On the other hand, FDI disbursement saw a positive rise of 6 per cent to $6.15 billion in five months, compared with a 3.2 per cent increase recorded in four-month capital disbursement.
Some 939 projects with registered capital of $5.59 billion were newly registered from January to May, down 26.1 per cent year-on-year. Additional capital for 437 existing projects stood at $4.74 billion, up 83 per cent year-on-year.
During the reviewed period, foreign investors also contributed capital or bought stake with total value of $1.79 billion, up 116.2 per cent year-on-year.
The processing and manufacturing sector received the most FDI, at $8.09 billion, accounting for 66.7 per cent of the total FDI registered in the country. The mining sector ranked second with $1.28 billion, or 10.5 per cent, while the wholesale and retail sector came third with $798 million, or 6.5 per cent.
South Korea remained Viet Nam’s leading source of foreign investment in five months, with $4.41 billion, contributing 36.4 per cent of the total. It was followed by Japan and Singapore with $1.94 billion, or 16 per cent, and $1.23 billion, or 10.21 per cent, respectively.
