FDI hits nearly US$ 17 bln in first five months
15:54 | 27/05/2019

VGP – FDI attraction totaled US$ 16.74 billion in the first five months of this year, representing a year-on-year growth of 69.1%, the Ministry of Planning and Investment (MoPI) reported.

The MoPI estimated that the amount of FDI attraction was US$ 7.3 billion, up 7.8% against the same period last year. 

As of May 20, total FDI attraction valued US$ 16.74 billion, up 69.1% against the same period last year, making a record high over the last four years (with US$ 10.1 billion in 2016; US$ 12.1 billion in 2017; US$ 9.9 billion in 2018).

In the first five months, 1,363 projects got business licenses with a total registered  capital of US$ 6.46 billion, up 38.7% against 2018. 

Meanwhile, 505 projects got additional capital worth US$ 2.63 billion, representing a year-on-year growth of 5.5%. 

In the first five months of 2019, foreign investors spent US$ 7.65 billion to buy shares, up 2.8 times against 2018 and 45.7% of total registered capital. 

Foreign investors engaged in 19 fields, of which the processing and manufacturing sector absorbed the largest amount of capital with US$ 10.5 billion, accounting for nearly 72% of total registered  capital; followed by real estate with US$ 1.1 billion; wholesale and retail sale of goods and services with US$ 742.7 billion. 

In the January-May period, up to 88 foreign countries and territories invested in Viet Nam. Hong Kong was the largest FDI provider with US$ 5.08 billion, accounting for 30.4% of total investment. The Republic of Korea ranked second with US$ 2.62 billion, followed by Singapore with US$ 2.09 billion. 

Ha Noi was the largest FDI recipient with US$ 4.79 billion, accounting for 28.6%; followed by HCMC with US$ 2.78 billion and Binh Duong with US$ 1.25 billion. 

As of May 20, Viet Nam had 28,632 projects worth US$ 350.5 billion. Total FDI disbursement was estimated at US$ 198.7 billion./. 

By Kim Anh 

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