May 26, 2023 | 16:30

Vietnam attracts 962 new FDI projects in 5M

Anh Nhi

Total registered capital estimated at $5.26bln, up 27.8%.

Vietnam attracts 962 new FDI projects in 5M

Vietnam attracted 962 new FDI projects with total registered investment capital of $5.26 billion in the first five months of the year, an increase of 27.8 per cent year-on-year, according to the Foreign Investment Agency (FIA) at the Ministry of Planning and Investment.

The figure brings total newly-registered capital, additional capital, and capital contributed to buy shares or buy capital contributed by foreign investors to $10.86 billion this year as of May 20, down 7.3 per cent compared to the same period last year.

Though total FDI is down compared to the same period last year, the amount of new FDI and capital contributed to buy shares or buy capital by foreign investors rose strongly.

There were 1,278 transactions to buy shares in the period with a total value of nearly $3.22 billion, for year-on-year growth of 67.2 per cent.

Investment went to 18 of 21 economic sectors in Vietnam, with manufacturing and processing taking the lead with more than $6.64 billion, or 61.2 per cent of the total.

It was followed by banking and finance with over $1.53 billion, real estate business with $1.16 billion, and science and technology with $481 million.

Eighty-two countries and territories have investments. Singapore is the largest, with more than $2.53 billion, accounting for 23.3 per cent of the total, followed by Japan, China, Taiwan (China), Hong Kong (China), and South Korea.

Attention
The original article is written and published on VnEconomy in Vietnamese, then translated into English by Askonomy – an AI platform developed by Vietnam Economic Times/VnEconomy – and published on En-VnEconomy. To read the full article, please use the Google Translate tool below to translate the content into your preferred language.
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