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FDI disbursement hits over US$10 in first seven months

VGP – The disbursed volume of foreign direct investment (FDI) capital over the last seven months of 2021 hits US$10.5 billion, up 3.8 percent against the same period last year, an encouraging signal amid COVID-19 pandemic.

07/27/2021 03:14

Meanwhile, foreign investment inflows to Viet Nam decreased by 11.1% to US$16.7 billion as of July 20, reported the Ministry of Planning and Investment. 

The above total figure include newly registered capital, adjusted capital, capital contribution, and share purchases by foreign investors.

Specifically, foreign investors pledged to pour US$10.13 billion in 1,006 new projects, up 7 percent and down 37.9 percent, respectively. 

Around 561 projects registered capital adjustment with the total additional capital reaching US$4.54 billion, down 9.4 per cent.

In addition, there were 2,403 instances of capital contribution and share purchase by foreign investors worth US$2.05 billion, a fall of 55.8 per cent.

There are 18 key sectors attracting FDI inflows. Among them, processing and manufacturing industry took the lead with the capital investment valued more than US$7.9 billion, making up 47.2 percent. It was followed by electricity production and distribution with US$5.49 billion, real estate US$1.16 billion and retail sales US$631 million. 

Singapore ranked first among 86 countries and territories investing in Viet Nam with US$5.92 billion while Japan occupied the second position with US$2.54 billion. 

During the reviewed period, the southern province of Long An was the largest recipient of FDI capital with US$3.58 billion, followed by Ho Chi Minh City US$1.78 billion and the southern province of Binh Duong US$1.33 billion. 

By Thuy Dung