Vietnam lures US$12.25 billion in foreign investment over four-month period

28/4/2021| 14:29

As much as US$12.25 billion worth of foreign direct investment (FDI) was injected into the country during the past four months of the year, equal to 99.3% compared to the same period from last year, according to the figures released by the Foreign Investment Agency.

Statistics indicate that the total newly registered and adjusted capital, along with capital contributed and shares purchased by foreign investors reached US$12.25 billion by April 20.

During the first quarter of the year, foreign investment recorded an increase of 18.5% to US$10.13 billion compared to the same period from last year for the first time, despite facing a range of adverse impacts caused by the novel coronavirus (COVID-19) pandemic.

According to the Foreign Investment Agency, the production activities of firms has bounced back since the initial impact of the pandemic, with the disbursement of FDI projects during the four-month period standing at US$5.5 billion, a rise of 6.8% compared to the same period from last year.

Furthermore, there remains positive signs that the average size of newly-licensed projects and capital adjusted projects have increased compared to last year's corresponding period.

Throughout the reviewed period, financiers from abroad have invested in 17 fields in Vietnam, with the manufacturing sector taking the lead with investment capital of US$5.2 billion, thereby accounting for 42.4% of the total registered investment. This is followed by power production and distribution with US$5.1 billion, real estate with US$778 million, and the wholesale and retail sectors with US$464 million.

Singapore topped the list of 67 countries and territories currently investing in the nation during the reviewed period with over US$4.8 billion, accounting for approximately 39.6% of the total, trailed by Japan with more than US$2.5 billion, and the Republic of Korea with roughly US$1.5 billion.

The country is currently home to 33,463 valid foreign investment projects with total registered capital of US$394.9 billion, with the disbursement of the foreign-invested projects reaching US$238.36 billion, equal to 60.4% of the total valid registered investment capital.