Foreign investment in first five months sees increase across the board
Foreign investment in first five months sees increase across the board
In the first five months of this year, there has been strong performance across all indices, with the total foreign investment capital reaching 16.74 billion, up 69.1 per cent on-year.
According to the statistics published by the Foreign Investment Agency, foreign direct investment (FDI) projects disbursed an estimated $7.3 billion in the first five months of the year, up 7.8 per cent on-year.
The country had granted investment certificates to 1,363 new projects with the total newly registered capital of $6.46 billion, up 38.7 per cent on-year.
There were 505 instances of added capital registration with the total additionally registered capital of $2.63 billion, up 5.5 per cent compared to the figure from the same period in 2018.
Regarding capital contribution and share purchase, the country saw 3,160 such deals by foreign investors with the total value of capital contributions reaching $7.65 billion, 2.8 times as much as in the same period in 2018.
In the first five months of 2019, 19 fields received investment from foreign investors, with the processing and manufacturing sector taking the lead with $12 billion, accounting for 72 per cent of the total registered investment capital.
Real estate business ranked second with $1.38 billion, accounting for 8.2 per cent. Wholesale and retail ranked third with the total registered investment capital of $864 million, capturing 5.2 per cent.
88 countries and territories have investment projects in Vietnam. Hong Kong ranked first with the total investment capital of $5.08 billion, making up 30.4 per cent of the total investment capital, while South Korea ranked second with $2.62 billion, accounting for 15.7 per cent. Singapore ranked third with the total registered investment capital of 2.09 billion, capturing 12 of the total investment capital.
55 cities and provinces received investment from foreign investors. Hanoi attracted the most FDI with the total registered capital of more than $4.79 billion, capturing 28.6 per cent of the total. Ho Chi Minh City ranked second with more than $2.78 billion, accounting for 16.6 per cent. Binh Duong ranked third with over $1 billion, accounting for 7 per cent.
