FDI disbursement in Jan-Apr in Vietnam hits 5-year record, up 7.4% YoY
02 May 24 2 min read
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 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.
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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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