Bắc giang
FDI inflow into Vietnam up 13.1% in six months
Vietnam attracted nearly 15.2 billion USD in foreign direct investment (FDI) in the first six months of this year, a year-on-year increase of 13.1%, according to the General Statistics Office.
Foreign investors registered nearly 9.54 billion USD in 1,538 new projects, up 46.9% in capital and 18.9% in the project number as compared to the same time last year.
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Inside Jasan textile and dyeing firm in Hai Phong city. |
Meanwhile, 592 projects had their capital adjusted up, with a total amount of 3.95 billion USD, down 6.3% and up 35% year-on-year, respectively.
Capital contributions and share purchases fell 57.7% year-on-year to 1.7 billion USD.
Some 10.84 billion USD in FDI was disbursed over the six-month span, rising 8.2% against the same time last year.
Foreign investors injected their capital in 18 out of 21 economic sectors in the country, with the processing and manufacturing industry attracting the largest investment of 10.69 billion USD, or 70.4% of the total, followed by realty sector (over 2.47 billion USD), wholesale and retail sale industry (614 million USD), and professional, scientific and technological activities (over 452 million USD).
Registering nearly 5.58 billion USD in Vietnam, Singapore was the largest investor among 84 countries and territories with investment in the country, accounting for around 36.7% of total FDI in the reviewed period and representing a year-on-year surge of 86%. Japan came second with more than 1.73 billion USD, followed by Hong Kong (China), the Republic of Korea, and China.
The foreign investors funneled their capital into 48 cities and provinces across the nation, with Bac Ninh leading in FDI attraction with 2.58 billion USD. In the second and third places were Ba Ria – Vung Tau and Quang Ninh, with corresponding FDI of some 1.54 billion USD and 1.36 billion USD.
The total foreign direct investment (FDI) disbursed in Vietnam in the first four months of this year is estimated to reach 6.28 billion USD, up 7.4% year on year, the highest four-month amount in the past five years, reported the General Statistics Office (GSO).
The flow of foreign direct investment (FDI) into the Vietnamese garment and textile sector has rebounded thanks to the country’s sound investment climate and abundant workforce as well as its open economy, according to insiders.
As the year 2024 is expected to witness the start of the fourth wave of foreign direct investment (FDI) to Vietnam, localities nationwide are getting ready to absorb foreign capital flows.
BAC GIANG – The preliminary statistics of the functional sector in Bac Giang showed that in the first quarter of this year, 4 enterprises in the provincial industrial parks earned sharply increased revenue compared to the same period last year.
Central to Vietnam's economic narrative is the substantial influx of foreign direct investment (FDI), which has played a crucial role in driving growth and fostering development across various sectors, according to an article published by the KRF Centre for Bangladesh and Global Affairs on its website cbgabd.org.
Source: VNA
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