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FDI disbursement reaches five-year high in January-June period

VGP - Foreign investment disbursement in January-June period reached a five-year high of US$10.84 billion, according to official data.

June 29, 2024 9:24 PM GMT+7
FDI disbursement reaches five-year high in January-June period- Ảnh 1.

During January-June, 2024, foreign investment inflows into Viet Nam reach nearly US$15.19 billion - Photo: VGP/Thuy Dung

A report from the Ministry of Planning and Investment's Foreign Investment Department (FIA) showed that as of June 20, foreign investment inflows into Viet Nam during the reviewed period also saw an increase of 13.1 percent to nearly US$15.19 billion.

A total of 1,538 new foreign-invested projects were licensed during this period, with a combined registered capital of over US$9.54 billion, up 18.9 percent and 46.9 percent, respectively.

Additionally, 592 operating projects were permitted to raise investment capital by over US$3.95 billion, up 35 per cent year-on-year.

Meanwhile, foreign investors allocated nearly US$1.7 billion to contribute capital to and purchase shares of domestic companies via 1,420 transactions, a decline of 57.7 per cent compared to the same period last year.

The manufacturing and processing sector attracted the largest amount of foreign investment with US$10.69 billion, accounting for 70.4 per cent of the total inflows, followed by real estate with nearly US$2.47 billion, equivalent to 16.3 per cent of the total.

Among the 84 countries and territories investing in Viet Nam, Singapore took the lead with US$5.58 billion, representing 36.7 per cent. Japan came second with over US$1.73 billion (making up 11.4 per cent).

During the first half, the northern province of Bac Ninh led provinces and cities receiving FDI capital, with US$2.58 billion, making up 17 percent.

It was followed by the southern province of Ba Ria-Vung Tau with US$1.54 billion, and the northern province of Quang Binh with US$1.36 billion.

Viet Nam's overseas investment reached US$137 million over the six months. Of this amount, US$118.6 million was registered for 57 new projects, while the remaining capital was added to three existing projects.

Investments in the mining sector totaled US$58.6 million, accounting for 42.8 per cent of the total. Wholesale and retail, along with repair of cars, motorcycles, and motor vehicles, ranked second with US$23.8 million or 17.4 per cent, followed by processing and manufacturing sector with US$19.2 million or 14 percent; other services (US$10 million or 7.3 per cent), and construction (US$5.8 million or 4.3 per cent).

The Netherlands was the top investment destination with US$54.6 million, accounting for 39.8 per cent of the total investment. Laos, the U.S., New Zealand, and Indonesia followed with US$35.5 million, US$18.7 million, US$5.9 million, and US$5.5 million, respectively./.