FDI disbursement in Jan-Apr in Vietnam hits 5-year record, up 7.4% YoY

02 May '24

2 min read

FDI disbursement in Jan-Apr in Vietnam hits 5-year record, up 7.4% YoY

Pic: Adobe Stock

Insights

The total FDI disbursed in Vietnam in January-April 2024 was an estimated $6.28 billion—up by 7.4 per cent YoY, the highest four-month amount in the last five years.
By April 20, total FDI inflows had reached nearly $9.27 billion, a YoY rise of 4.5 per cent.
Meanwhile, Vietnamese investors invested $98.3 million in 36 new projects abroad during the period.

The total foreign direct investment (FDI) disbursed in Vietnam between January and April this year is estimated to be worth $6.28 billion—up by 7.4 per cent year on year (YoY), the highest four-month amount in the last five years, the general statistics office (GSO) said.

The processing-manufacturing sector witnessed the largest amount: $4.93 billion, accounting for 78.5 per cent of the total FDI disbursed in the country during the period. It also led the newly-registered FDI capital at nearly $5 billion.

By April 20 this year, total FDI inflows into the country had reached nearly $9.27 billion, a YoY rise of 4.5 per cent.

Of the total, $7.11 billion was poured into 966 new projects, an increase of 28.8 per cent YoY in the number of projects and 73.2 per cent YoY in the capital amount.

Among the 50 countries and territories with newly-licenced projects in Vietnam in the first four months this year, Singapore contributed the highest with $2.59 billion, making up 36.4 per cent of the total.

Hong Kong came second with $898.6 million, while Japan ranked third at $814.1 million.

Foreign investors also poured $929.6 million into 902 capital contribution and share purchase deals during the period, a news agency reported.

Meanwhile, Vietnamese investors invested $98.3 million in 36 new projects abroad during the four-month period—down by 29.8 per cent YoY, along with $580,000 in three operating projects.

The Netherlands received the highest investment capital ($54.6 million) from Vietnam among the 14 countries and territories that attracted Vietnamese investment.

Fibre2Fashion News Desk (DS)

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