FDI pumped into Vietnam reaches 4-year high

(VOVWORLD) - The total amount of FDI in new and existing projects, capital contribution and share purchase reached 16.7 billion USD during the first five months of the year, a rise of 69 per cent over last year’s corresponding period. The figure was the highest level recorded over the past four years, according to the Ministry of Planning and Investment.

Foreign investors have injected their money into 19 different sectors, with the manufacturing and processing industry being the most popular with total capital reaching 12 billion USD, accounting for 72 per cent of total registered capital. It is followed by real estate and wholesale and retail.

88 countries and territories invested in Vietnam. Hong Kong (China) topped the list with a total capital of more than 5 billion USD, followed by South Korea, Singapore, China, and Japan.

Hanoi attracted nearly 4.8 billion USD, the largest amount of foreign capital. Ho Chi Minh city came second and Binh Duong third.