Vietnam attracts over US$12 billion worth of FDI in five months

The Samsung Display Vietnam project in Bac Ninh province has registered to increase its investment capital by an additional US$2.5 billion

So far this year, the country has licensed 939 new investment projects with a total registered capital of US$5.59 billion, equivalent to 73.9% of the 2016 figure. Another 437 projects have registered to increase capital by US$4.74 billion, up 83% from last year.

The January-May period saw over 2,060 arrivals of foreign investors, who have contributed capital through the purchase of shares, leading to a total capital contribution of US$1.79 billion, representing a 116.2% increase against the previous year.

As of May 20, FDI disbursement had reached US$6.15 billion, up 6% over the same period of 2016.

The manufacturing industry remained the largest FDI attraction in five months with an investment of US$8.09 billion, claiming 66.7% of the total figure for the period. The mining sector came second with US$1.28 billion (10.5% of the total), followed by the retail and wholesale industry with US$798 million (6.5% of the total).

The Republic of Korea was the largest foreign investor in Vietnam in the first five months of 2017 with a US$4.41 billion (36.4% of the total) investment, followed by Japan with US$1.94 billion (16%) and Singapore with US$1.23 billion (10.21%).

Bac Ninh province attracted the most FDI capital from January to May with US$2.76 billion (22.7% of the total), followed by Binh Duong with US$1.64 billion (13.5%) and Ho Chi Minh City with US$1.39 billion (11.4%).

Theo NDO