FDI inflows reach over US$19 bln in eight months

As of August 20, Viet Nam attracts US$19.12 billion in Foreign Direct Investment (FDI), according to the Ministry of Planning and Investment.

Of the above figure, foreign investors pledged to pour US$11.33 billion in newly-licensed 1,135 projects, a year-on-year increase of 16.3 percent in terms of capital volume.

Foreign investors also committed to investment additional US$5 billion in 639 existing projects, down 11 percent ​​in number of projects and up 2.3 percent in capital over the same period.

There were 2,720 instances of capital contribution and share purchases by foreign investors, with US$2.81 billion, down 43.4 per cent in number and 43.4 per cent in capital on-year.

The processing and manufacturing industry took the lead among 18 sectors in attracting foreign investment with nearly US$9.3 billion, making up 48.4 percent, It was followed by electricity production and distribution US$5.5 billion, real estate US$1.6 billion and retail sales US$734 million. 

Among 92 nations and territories investing in Viet Nam, Singapore ranked first with US$6.2 billion, accounting for 32.5 percent, followed by Japan US$3.2 billion and the Republic of Korea US$2.4 billion. 

The southern province of Long An was the leading locality in attracting FDI with the registered capital valued at US$3.6 billion, making up 18.9 percent. Ho Chi Minh City and the southern province of Binh Duong occupied the second and third positions with US$2.2 billion and US$1.7 billion, accounting for 11.4 percent and 8.7 percent, respectively. 

Meanwhile, disbursed volume over the last eight months rose by 2 percent to at US$11.58 billion, an encouraging signal amidst complex developments of the COVID-19 pandemic./.

By Thuy Dung