Business

FDI disbursement up 10.2% in seven months

FDI disbursement in Vietnam reached 11.57 billion USD in the first seven months of this year, up 10.2% compared to the same period last year and over 1.3 percentage point against the first half of this year.
FDI disbursement up 10.2% in seven months ảnh 1Illustration. (Photo: VNA)
Hanoi (VNA) – FDI disbursement in Vietnam reached11.57 billion USD in the first seven months of this year, up 10.2% compared to thesame period last year and over 1.3 percentage point against the first half ofthis year.

The country raked in 15.41 billion USD in FDI during theperiod, a year-on-year decline of 7.1%, according to the Foreign InvestmentAgency (FIA) under the Ministry of Planning and Investment.

Newly-registered investment totalled 5.27 billion USD, down43.5% year-on-year. In contrast, extra capital injected into existing projectssurged by 59.3% to 7.24 billion USD; and capital contributions and sharepurchases advanced 25.7% to 2.58 billion USD.

FDI disbursement up 10.2% in seven months ảnh 2Illustration. (Photo: VNA)
Newly-licensed capital has yet to rebound after disruptioncaused by the COVID-19 control measures, explained FIA Director Do Nhat Hoang. Meanwhile,many major projects have received additional investment, he said, adding thatthe extra capital accounted for up to 62.6% of the seven-month FDI.

The FIA also announced that processing and manufacturinglured the largest share of FDI, more than 10 billion USD, accounting for64.3% of the total. The real estate came second with over 3.21 billion USD, orclose to 20.7%.

Singapore led the 88 countries and territories investing inVietnam with 4.3 billion USD, making up 27.7% of the total FDI. It was followedby the Republic of Korea with 3.26 billion USD, equivalent to 21%./.
VNA
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