VietnamCredit
VietnamCredit About Us Cafe€redit Contact Us
Login Register
0
USD
GO TO CART
Check out

Foreign investment in VN hits $10b

Sunday 29, 05 2016
HÀ NỘI– Foreign investors registered to pump approximately US$10.16 billion into Việt Nam in the first five months of this year, surging 136 per cent from a year ago, statistics from the Ministry of Planning and Investment reveals.
Foreign investment in VN hits $10b

Foreign investment in VN hits $10b

Workers at the 100 per cent Singaporean-invested Zion Precision Moulds Co Ltd at the Sài Đồng B Industrial Park in Hà Nội. Foreign investors are registered to pump approximately US$10.16 billion into Việt Nam in the first five months of this year. – VNA/VNS Photo Danh Lam

Viet Nam News

HÀ NỘI– Foreign investors registered to pump approximately US$10.16 billion into Việt Nam in the first five months of this year, surging 136 per cent from a year ago, statistics from the Ministry of Planning and Investment reveals.

Up to 907 foreign projects, worth $7.56 billion,received investment licences during the reviewed period, up 160 per cent year-on-year while 425 existing projects were allowed to raise $2.59 billion in capital, up 93.3 per cent on last year.

Disbursement of foreign direct investment (FDI) in five months also increased 17.2 per cent to $5.8 billion, the ministry noted.

With $3.42 billion pledged for Việt Nam, South Korea retained its position as the country’s leading investor, accounting for 34 per cent of the nation’s total FDI. Luxembourg came second with nearly $1.25 billion or 12.3 per cent while Singapore ranked third with $907 million or 8.9 per cent.

Manufacturing and processing sectors continued to be the top sector as it took $6.61 billion, making up 65 per cent of the registered FDI. It was followed by information and communication with $1.3 billion or nearly 13 per cent and real estate with $543 million or 5.3 per cent.

From January to May, the capital city attracted the lion share of FDI with $1.96 billion, equivalent to 19.3 per cent of the country’s total FDI. The runner-ups were the northern port city of Hải Phong and southern Đồng Nai province with $1.71 billion and $922 million, respectively. -VNS 

Read more: Expert opinion: Why Vietnam attracts foreign investors?

Categories:
Financial News

You may also like

Crypto vs. Cash: Why is cryptocurrency better?
Saturday 15, 02 2020

Crypto vs. Cash: Why is cryptocurrency better?

At one point, cryptocurrencies will replace fiat money. Crypto landings...
The 2020 monetary market becomes unpredictable and less positive
Thursday 13, 02 2020

The 2020 monetary market becomes unpredictable and less positive

The Securities and Analysis Center of SSI Securities Company (SSI Research)...
+84 37 99 44 511