FDI commitments to Vietnam hit a four-year high of over US$16 billion. (Photo: ANT)
The agency’s data shows that the country saw fresh FDI pledges totaling more than US$2.1 billion this month, bringing the five-month figure to US$16.7 billion, compared with the same periods in 2016, 2017 and 2018 at US$10.1 billion, US$12.1 billion and US$9.9 billion, respectively.
The agency also noted that it is the highest level in the same period of the recent 4 years.
Notablly, all three components including new registration, supplement and capital contribution, share purchase of foreign investment flows tend to rise.
During the period, Vietnam had 1,363 new projects granted investment registration certificates with a total new registered capital of $6.46 billion, an increase of 38.7 percent over the same period last year. Meanwhile, some 505 investment projects were registered to adjust investment capital with total registered capital increased additionally by $2.63 billion, rising 5.5 percent year-on-year.
Besides, there were 3,160 capital contributions, shares purchase of foreign investors with a total value of $7.65 billion, or 2.8 times higher than the same period of 2018 and accounting for 45.7 percent of the total registered capital. The disbursement rate still maintained a slight increase, estimated at $7.3 billion, increasing 7.8 percent year-on-year.
Manufacturing and processing led among 19 sectors and fields receiving capital from foreign investors, with $12 billion, making up 72 per cent of total FDI. With $1.13 billion, real estate came second, accounting for 8 percent, followed by retail and wholesale with $864 million, equivalent to 5 percent.
Among the 88 countries and territories making fresh investments in Vietnam, Hong Kong took first place, with US$5.08 billion. The most notable transaction was that of Hong Kong Beer Co., which spent US$3.85 billion acquiring a stake in Vietnam Beverage Co., Ltd, a local unit of Thai Beverage Public Co., Ltd.
South Korea came second, with over US$2.6 million, while the third place went to Singapore, with US$2.09 billion.
Nationwide, Hanoi has attracted the most foreign investment with a total registered capital of over $4.79 billion; followed by Ho Chi Minh City with $2.78 billion; and Binh Duong with $1.25 billion.
As of May 20, the country had over 28,600 valid projects worth a combined US$350.5 billion, of which FDI projects accounted for nearly US$199 billion, 56.7% of the total.
