Disbursed FDI Rises 7.6% in Four Months

10:33:47 AM | 5/12/2022

Vietnam attracted over US$10.8 billion of foreign direct investment (FDI) in the first four months of the year, equal to 88.3% of the same period last year, according to the Ministry of Planning and Investment (MPI). Of the sum, the fund for new projects shrank by 56.3% but the added value to existing projects and equity purchases surged 92.5% and 74.5%, respectively.

Foreign investors invested in 18 out of a total of 21 industries, led by the processing and manufacturing sector with nearly US$6.2 billion, accounting for 57.2% of the total registered investment capital. Real estate ranked second with a total investment of more than US$2.8 billion, followed by the wholesaling and retailing sector, and scientific and technological activity.

As many as 72 countries and territories invested in Vietnam between January and April of 2022. Singapore took the lead with a total investment capital of over US$3.1 billion, accounting for 28.8% of the total FDI fund in Vietnam. South Korea ranked second with over US$1.82 billion, accounting for 16.9%. With a US$1.3 billion Lego project, Denmark continued to be the third-largest investor with nearly US$1.32 billion, accounting for 12.2%.

In addition, foreign investors invested in 44 provinces and cities across the country in the four-month period. Binh Duong province was the biggest recipient of FDI funds with nearly US$2.35 billion, accounting for 21.7 % of the total and equal to 4.9 times the amount it got in the same period in 2021. Bac Ninh ranked second with nearly US$1.57 billion, followed by Ho Chi Minh City with nearly US$1.28 billion.

By Thu Ha, Vietnam Business Forum