Realized FDI in January-November reaches five-year high
VGP - Foreign investment inflows into Viet Nam totalled US$33.69 billion over the first 11 months of this year, up 7.4 percent year-on-year, according to the report by the Ministry of Finance.
Of the figure, newly registered capital reached US$15.956 billion, a year-on-year decrease of 8.2 percent.
Foreign investors increased investment capital in existing projects by US$11.617 billion, up 17 percent while their capital contributions and share purchases exceeded US$6.117 billion, up 50.7 percent, reflecting a strong resurgence of M&A activity.
Despite the decline in newly registered capital, the number of projects increased sharply. In 11 months, 3,695 new projects were licensed, up 21.7 percent, showing strong interest in the Vietnamese market from foreign small and medium-sized enterprises.
Moreover, the sharp increase in capital contributions indicates investors' confidence in Viet Nam's business and investment environment as well as its economic potential.
Realized FDI in the first 11 months was estimated at US$23.6 billion, up 8.9 percent year-on-year, the highest level over the past five years.
Statistics showed that among the 88 countries and territories investing in Viet Nam, Singapore topped with US$4.29 billion, accounting for 26.9 percent of newly registered capital; followed by China with US$3.4 billion, Hong Kong with US$1.66 billion, Japan with US$1.56 billion, Sweden with US$1 billion, Taiwan with US$951.1 million and South Korea with US$659.6 million./.
