FDI disbursement jumps 7.8% in January-May period

Viet Nam absorbed US$11.07 billion in foreign direct investment (FDI) from January 1 to May 20, representing a year-on-year increase of 2 percent.

Among the 78 countries and territories having investment in Viet Nam in the first five months, Singapore was the largest investor by pouring US$3.25 billion in the country, making up of 29.3 percent of the total FDI inflows and growing 28.2 percent year-on-year.

Foreign investors bought US$1.05 billion of shares, down nearly 63.5 percent against the same period last year. They partook in 17 out of the 21 economic sectors, with the processing and manufacturing industry taking the lead as it reeled in over US$7.42 billion, followed by the real estate sector with US$1.98 billion in investment, wholesale and retail sales (US$514.2 million), and transport and warehousing (US$342.2 million).

Ba Ria – Vung Tau, Ha Noi, Bac Ninh, Ho Chi Minh City, Dong Nai, Quang Ninh, Bac Giang, Hai Phong, Thai Nguyen, and Hung Yen were among the biggest FDI recipients./.