Foreign investment shoots up 136% in five months
Foreign direct investment (FDI) worth nearly US$10.16 billion flowed into Vietnam in the first five months of this year, an increase of 136.4% from the same period last year, according to the Ministry of Planning and Investment.
As of May 20, Vietnam had 907 new FDI projects with a total registered capital of US$7.56 billion, a year-on-year rise of 155.9% while 425 adjusted-capital projects brought in US$2.59 billion, up 93.3% from last year.
Some US$5.8 billion was disbursed, rising 17.2% against a year ago.
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Hanoi topped other localities to become the most attractive destination for foreign investors. The capital city lured US$1.96 billion in FDI in the period, accounting for 19.3% of total registered FDI in the country.
This was followed by Haiphong with US$1.71 billion or 16.9% and Dong Nai province with US$921.8 million or 9.1%.
A large amount of the investments were in the processing and manufacturing sector. The Republic of Korea remains the top investor among the 45 countries and territories that invested in Vietnam in the period.
