FDI Disbursement During January-April Reaches Five-Year High

10:52:35 AM | 5/7/2024

Disbursement of foreign direct investment reached US$6.28 billion over the last four months of this year, up 7.4 per cent year-on-year and marking the strongest growth since 2020.

Disbursement of foreign investment reaches US$6.28 billion over the last four months of this year, up 7.4 per cent year-on-year and the highest figure recorded over the last five years

According to a report by the Ministry of Planning and Investment's Foreign Investment Department (FIA), as of April 20, foreign investment inflows into Viet Nam saw an increase of 4.5 per cent to nearly US$$9.27 billion.

Specifically, up to 966 new foreign-invested projects were licensed with a total registered capital of over US$7.11 billion, up 28.8 per cent and 73.2 per cent, respectively.

At the same time, 345 operating projects were allowed to raise their levels of capital by over US$1.23 billion, down 25.6 per cent in term of capital, the report said.

It added that foreign investors' capital contributions and share purchases hit US$929.6 million, down 70.1 percent.

The manufacturing and processing sector attracted the lion's share of foreign investment with US$4.93 billion, accounting for 78.5 per cent of the total.

Real estate came next with nearly US$607.6 million, making up 9.7 per cent. Electricity production ranked third with US$259.8 million.

Regarding outbond investment, Viet Nam invested US$98.3 million in 36 new projects aboard, marking a decline of 29.8 percent year on year.

Vietnamese investors poured money into various sectors abroad, with mining topping the list with US$58.6 million. It was followed by wholesale and retail with US$11.5 million, services with US$10 million; construction with US$5.5 million; and real estates with US$5.4 million.

The Netherlands took the lead with US$54.6 million, followed by Laos with US$16.3 million, the U.S. with US$6.7 million, New Zealand with US$5.9 million, and Germany with US$5.4 million.

Source: VGP