Long An leads in FDI inflows in January-May period

Total foreign investment inflows to Viet Nam picked up 0.8% to US$14 billion in the first five months this year, according to the Ministry of Planning and Investment.

Of the total figure, foreign investors pledged to pour US$3.35 billion in Long An, accounting for 23.9 percent. It was followed by Ho Chi Minh City (US$1.34 billion) and Can Tho (US$1.32 billion).

In the reviewed period, foreign capital was pumped into 18 economic sectors in the Southeast Asian country, in which manufacturing and processing took the lead with US$6.14 billion.

The export value of the foreign-invested sector was estimated at US$97.4 billion, up 37 percent compared to the same period last year and making up 74.4 percent of the nation’s total export turnover.

Meanwhile, the sector’s import turnover rose by 39.7% to US$85.4 billion, accounting for 65.3 percent of the nation’s import volume.

The ministry also said Singapore was the biggest foreign investors in January-May period, with total registered capital of US$5.26 billion.

Japan and the Republic of Korea occupied the second and the third places with US$2.59 billion and US$1.83 billion, respectively.

As of May 20, Viet Nam housed 33,615 valid foreign-invested projects with total registered capital of US$396.86 billion and the disbursement rate reached 60.5 percent, or US$240 billion, said the ministry./.

By Huong Giang