FDI attraction in five months tops 11 billion USD

Vietnam attracted more than 11 billion USD in foreign direct investment in January-May, up 2% against the same period last year, according to the Ministry of Planning and Investment’s Foreign Investment Agency.

Of the total, nearly 8 billion USD was poured into over 1,220 new projects, a year-on-year rise of over 50% and 27%, respectively.

Meanwhile, 440 projects had their capital added with more than 2 billion USD, dropping over 9% and 8% year-on-year.

Foreigners also injected more than 1 billion USD into over 1,150 capital contribution and share purchase deals during the period, down over 68% and 9%.

Among the 78 countries and territories having investment in Vietnam in the first five months, Singapore was the largest investor with over 3.2 billion USD, making up of nearly 30% of the total and increasing over 28% year-on-year.

The most attractive sectors were the processing and manufacturing industry, realty, wholesale and retail sales, and transport and warehousing.

The disbursement of FDI capital grew nearly 8% to some over 8.2 billion USD during the five-month period./.