FDI disbursement hits 15.4 billion USD in eight months, highest level in five years
Vietnam's foreign direct investment (FDI) disbursement reached 15.4 billion USD in the January-August period, up 8.8% from the same period last year, according to the National Statistics Office (NSO).
Tan Thuan Export Processing Zone in Ho Chi Minh City. (Photo: VNA)
Hanoi (VNA) ꧂– Vietnam's foreign direct investment (FDI) disbursement reached 15.4 billion USD in the January-August period, up 8.8% from the same period last year, according to the National Statistics Office (NSO).
This marks the highest level for the eight-month period in five years.
Of the total, the manufacturing and processing sector received the lion’s share, with 12.57 billion USD, accounting for 81.6% of all disbursed FDI. It was followed by real estate with 1.24 billion USD, or 8%, and electricity, gas, and water production and distribution with 563.6 million USD, or 3.7%.
According to the NSO, the country attracted 26.14 billion USD in FDI in the first eight months of this year, up 27.3% from the same period last year.
During the reviewed period, Vietnam licensed 2,534 new projects worth 11.03 billion USD in total. While the number of new projects rose 12.6%, the value of new pledges declined slightly by 8.1% compared with last year.
Float glass production at Phu My Super White Float Glass Co., Ltd. (PFG) in Phu My II Industrial Park in Ho Chi Minh City. (Photo: VNA)
Of the total registered FDI, newly licensed projects accounted for 11.03 billion USD in 2,534 projects, while additional capital hit 10.65 billion USD. Capital contributions and share purchases rose to 4.46 billion USD.
The manufacturing and processing industry remained the top choice for new projects, accounting for 59.2% of new registered capital, followed by real estate at 21.5%. The manufacturing and processing industry attracted 13.64 billion USD in both new and adjusted capital, equal to 62.9% of total registered inflows.
Among the 78 countries and territories with newly licensed projects in Vietnam in the reviewed period, Singapore was the largest investor with 3.06 billion USD, accounting for 27.8% of the total. It was followed by China with 2.65 billion USD, Sweden with 1 billion USD), and Japan with 878 million USD.
Meanwhile, Vietnam’s outbound investment totalled 426.5 million USD in 108 new projects, nearly three times higher a year earlier. Adjusted capital in 21 existing projects added another 129.7 million USD./.
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