FDI grow strongly in the first five months

May 27, 2022 | 09:21
(0) user say
Additionally-registered and share-purchased foreign direct investment (FDI) capital kept rising at 45.4 and 51.6 per cent on-year respectively in the first five months of the year, while newly-registered FDI inflows decreased by 12.3 per cent.
FDI grow strongly in the first five months
Both additionally-registered and share purchasing of FDI rose strongly in the first five months

According to the Ministry of Planning and Investment's Foreign Investment Agency, Vietnam counted newly-registed FDI inflows of about $11.7 billion in the first five months, equivalent to 83.7 per cent of the previous year's total.

Of this, $4.12 billion was poured into 578 newly-licensed projects, a slight decrease of 5.7 per cent in the number of projects, and a sharp reduction of 53.4 per cent in value.

$5.61 billion was added to 395 projects currently underway, a rise of 45.4 per cent in value and 15.5 per cent in number. Overseas investors also poured almost $2 billion into just over 1,300 share purchase deals, an increase of 51.6 per cent over the same period last year.

FDI disbursement climbed slightly by 7.8 per cent on-year to $7.7 billion.

Almost 35,000 valid foreign-invested projects were accumulated across the country with the total registered capital of $426 billion. Their disbursement was almost $260 billion, equivalent to 60.9 per cent of the valid registered capital.

Among the 18 sectors receiving funds in the first five months, processing and manufacturing took the lead with $6.8 billion, accounting for 58.2 per cent of total FDI. This was followed by real estate with almost $3 billion, making up 25.6 per cent, and science technology and professional activities with $375 million.

Singapore led the 79 countries and territories investing in Vietnam in the first five months with a total investment capital of around $3 billion, followed by South Korea ($2 billion) and Denmark ($1.3 million).

Binh Duong attracted the highest amount of FDI in these five months with over $2.3 billion, followed by Bac Ninh with approximately $1.6 billion, Ho Chi Minh City with $1.3 billion, Thai Nguyen with nearly $950 million, and Hanoi with just under $660 million.

The export turnover of foreign-invested enterprises (FIEs) continued increasing by 17.5 per cent on-year to nearly $115 billion, making up about 73.4 per cent of the country's total export value. Their import turnover was estimated at around $100 billion, up 17.9 per cent and accounting for 65.5 per cent of the total.

The trade surplus of FIEs was $13.8 billion, while local businesses reported a trade deficit of $12.3 billion.

By Nguyen Huong

What the stars mean:

★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional