Vietnam attracted US$19.12 billion in foreign direct investment (FDI) capital by August 20, equivalent to 97.9% compared to the same period last year, according to statistics released by the Ministry of Planning and Investment.
FDI inflows include newly-registered and adjusted capital, along with capital contributions and share purchases made by foreign investors.
Despite the complicated nature of the COVID-19 pandemic in localities nationwide, the disbursement of FDI projects during the initial eight months of the year saw an annual rise of 2% to US$11.58 billion.
Currently, Vietnam has 1,135 new projects capitalised at approximately US$11.33 billion, an increase of 16.3% against the same period last year, while 639 projects have adjusted investment capital of roughly US$5 billion, marking a rise of 2.3%.
Elsewhere, capital contributions and share purchases made by foreign investors stood at US$2,81 billion, representing a decline of 43.4% compared to last year’s corresponding period.
The capital inflows cover 18 sectors, in which processing and manufacturing took the lead with nearly US$9.3 billion, followed by electricity generation and distribution with US$5.5 billion.
Meanwhile, the property, wholesale, and retail sectors attracted a total registered capital of nearly US$1.6 billion and over US$734 million, respectively.
Among the 92 countries and regions with newly-licensed investment projects in Vietnam, Singapore made up the largest source of registered capital with over US$6.2 billion, thereby accounting for 32.5% of the total. This was followed by Japan with over US$3.2 billion and the Republic of Korea with US$2.4 billion.
During the reviewed period, foreign financiers invested in 58 provinces and cities throughout the country, in which Long An province took the lead, attracting nearly US$3.6 billion, followed by Ho Chi Minh City with nearly US$2.2 billion, and Binh Duong with roughly US$1.7 billion.
Source: VOV