FDI into Vietnam reaches $10.86 bn during Jan-May this year

The figure was down by 7.3 per cent year on year (YoY), but up by 10.6 percentage points compared with the figure in the first four months of this year.

Nine hundred and sixty two new projects received more than $5.26 billion, representing YoY increases of 27.8 per cent in value and 66.4 per cent in number, FIA said.

The processing and manufacturing sector was the largest recipient of FDI, with more than $6.64 billion, accounting for 61.2 per cent of the total pledges.

One thousand two hundred and seventy eight transactions of capital contribution for share purchases were recorded during the period, with a combined value of nearly $3.32 billion—down by 5.6 per cent in number of transactions, but up by 67.2 per cent in value.

Four hundred and eighty five projects registered to adjust their investment with additional capital of nearly $2.28 billion—a drop of up to 59.4 per cent from the corresponding time last year.

Among the 82 countries and territories investing in Vietnam during the period, Singapore led with over $2.53 billion, making up more than 23.3 per cent of the cumulative figure.

Japan and China ranked second and third with nearly $2.1 billion and $1.61 billion respectively. Other large investors included Taiwan, Hong Kong and South Korea.

Fifty out of the 63 cities and provinces received FDI. Hanoi received the most, ($1.87 billion), accounting for about 17.2 per cent of the sum, followed by the northern province of Bac Giang, and HCM City, Binh Duong and Dong Nai provinces in the south.

Fibre2Fashion News Desk (DS)