Saigon Times, 1 June 2019 – Foreign direct investment (FDI) approvals in Vietnam last month reached US$2. 15 billion, bring in the total FDI pledges in the first five months to US$16.75 billion, surging 69.1% year-on-year and the highest Jan.-May FDI over the past four year
According to the Foreign Investment Agency under the Ministry o Planning and Investment, 1,363 FDI projects with total registered capital of US$6.46 billion were licensed in the period, up 38.7% year-on-year. In addition, 505 operational projects were allowed to increase capital by a combined US$2.63 billion, up 5.5%. Meanwhile, foreign capita! inflow from 3,160 mergers and acquisitions deals amounted to US$7.65 billion, 2.8 times higher than the figure a year ago.
FDI capital disbursement in the five-month period was reported a US$7.3 billion, up 7.8% from a year earlier.
New FDI capital was mainly poured into the processing and manufacturing sector, at over US$10.5 billion the real estate sector at US$1.1 billion, and wholesale and retail US$74 million.
Among the 88 countries and territories making fresh investment in Vietnam, China, including Hong Kong, took first place, with US$7.1 billion. South Korea carne second with US$2.62 billion, and Singapore third with US$2.09 billion.
Hanoi attracted the largest FDI capital, at some US$4.8 billion, followed by HCMC, at US$2.7 billion, and the Southern province of Binh Duong US$1.25 billion.