FDI inflows reach US$18 billion in first seven months
VGP - Foreign direct investment inflows to Viet Nam reached US$18 billion in the first seven months of 2024, representing a year-on-year increase of 10.9 percent, according to the Ministry of Planning and Investment’s Foreign Trade Agency.
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In the January-July period, the amount of disbursed investment valued US$12.55 billion, up 8.4 percent against the same period last year.
Foreign investors injected US$10.76 billion in 1,816 new projects, up 35.6 percent and 11.6 percent, respectively.
Meanwhile, 734 projects had their capital increased with a total amount of more than US$10.76 billion, down 0.3 percent in the project number, and up 19.4 percent in capital year-on-year.
Capital contributions and share purchases fell 45.2 percent to US$2.27 billion.
Foreign investors poured investment capital in 18 out of 21 economic sectors, with the processing and manufacturing industry attracting the largest share of over US$12.65 billion, or 70.3 percent of the total.
The realty sector came second with more than US$2.87 billion, followed by wholesale and retail sale industry with nearly US$740.5 million, and professional activities and science-technology with over US$490.6 million.
Singapore was the biggest investor among 91 countries and territories investing in the nation in the reviewed period, followed by Hong Kong, Japan, China and South Korea.
Bac Ninh was the top recipient destination with nearly US$3.2 billion, followed by Quang Ninh and Ho Chi Minh City, with US$1.56 billion and US$1.55 billion, respectively.
As of July 20, Viet Nam housed 40,777 valid foreign projects with total registered capital of US$487 billion./.
