Vietnam attracts over $10.8 bn in FDI in Jan-Apr 2022

While a decrease of 56.3 per cent was seen in the newly-registered capital to nearly $3.7 billion, a respective surge of 92.5 per cent and 74 per cent was recorded in the investment injected into underway projects to nearly $5.29 billion, and capital contributions and share purchase deals to $1.83 billion.

Foreign investors invested in 18 out of 21 economic sectors, mostly in processing-manufacturing sector with $6.2 billion, accounting for 57.2 per cent of the total FDI. It was followed by real estate with $2.8 million, and retail with $667.8 million.

In the first four months of 2022, Singapore led 72 countries and localities investing in Vietnam with $3.1 billion, making up 28.8 per cent of the total FDI. South Korea came second with $1.82 billion, while Denmark was the third with Lego factory worth over $1.3 billion, a news agency reported.

Among 44 cities and provinces receiving FDI in the period, the southern province of Binh Duong took the lead with $2.35 billion, followed by northern Bac Ninh province with $1.57 billion and Ho Chi Minh City with nearly $1.28 billion.

According to the MPI, Vietnamese firms invested over $327.72 million abroad this year to date, with 34 new projects worth over $285.8 million, doubling that in the same period last year.

Currently, there are 1,549 Vietnamese-funded projects under way abroad with total investment of nearly $21.55 million.

Fibre2Fashion News Desk (DS)