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FDI attraction in five months tops USD 11 billion
Vietnam attracted more than USD 11 billion in foreign direct investment in January-May, up 2 percent against the same period last year, according to the Ministry of Planning and Investment’s Foreign Investment Agency.

Vietnam attracted more than USD 11 billion in foreign direct investment in January-May, up 2 percent against the same period last year, according to the Ministry of Planning and Investment’s Foreign Investment Agency.

Of the total, nearly USD 8 billion was poured into over 1,220 new projects, a year-on-year rise of over 50 percent and 27 percent, respectively.

Meanwhile, 440 projects had their capital added with more than USD 2 billion, dropping over 9 percent and 8 percent year-on-year.

Foreigners also injected more than USD 1 billion into over 1,150 capital contribution and share purchase deals during the period, down over 68 percent and 9 percent.

Among the 78 countries and territories having investment in Vietnam in the first five months, Singapore was the largest investor with over USD 3.2 billion, making up of nearly 30 percent of the total and increasing over 28 percent year-on-year.

The most attractive sectors were the processing and manufacturing industry, realty, wholesale and retail sales, and transport and warehousing.

The disbursement of FDI capital grew nearly 8 percent to some over USD 8.2 billion during the five-month period.- (VNA/VLLF)

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