FDI capital attraction hits nearly USD4.3 billion in five months

As of May 20^th, the country has licensed 592 new FDI projects with a registered capital of more than USD2.95 billion, an 18.4% rise in number of projects but a 19.4% decrease in capital against the same period last year, reported the Ministry of Planning and Investment’s Foreign Investment Agency (FIA).

Also according to the FIA, 210 existing projects registered an additional capital of over USD1.34 billion.

The manufacturing and processing sector attracted the largest FDI capital. (Photo: VNA)

In total, registered capital of new projects and additional capital of existing projects reached nearly USD4.3 billion, a year-on-year reduction of 22%. However, disbursement of FDI capital during the period hit USD4.95 billion, up 7,6% over a year earlier.

The manufacturing and processing sector attracted the largest FDI capital at USD3.15 billion (making up 73.4% of the total), followed by real estate business at USD461.5 million (10.7%) and the rest at USD680.8 million (15.9%).

Thirty-eight provinces and cities nationwide had new FDI projects licensed since the beginning of the year. Specifically, Dong Nai seized the biggest registered capital at USD817.8 million (27.7%), followed by Ho Chi Minh city at USD633.4 million (21.4%), Vinh Phuc at 177.4 million (6%), Ha Nam at 136.4 million (4.6%), and Tra Vinh at USD120 million (4.1%).

The Republic of Korea topped 46 countries and territories pouring FDI capital into Vietnam during the period, at USD755.9 million, accounting for 25.6% of the total newly-registered capital./.

( Compiled by VNF )