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Saturday, June 15, 2024

FDI capital increases strong in May

By Nguyen Tan

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HCMC – Capital increases by foreign direct investment (FDI) businesses in Vietnam in May were the highest in a single month.

May saw FDI businesses adding over US$800 million, 2.8 times higher than in April and 72% more than in March. It also outpaced February by 4.1 times and January by 3.6 times, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.

In the year to May 20, total fresh foreign capital, capital adjustments, and capital contributions and share purchases reached US$11.07 billion, a 2% increase from the same period in 2023. Foreign capital disbursements in this period rose by 7.8% year-on-year to US$8.25 billion.

Currently, Vietnam has 40,285 active FDI projects with total registered capital of US$481.33 billion. The cumulative disbursed capital at these projects stands at about US$305.43 billion, equal to 63.5% of the total registered capital.

The manufacturing and processing sector led in new projects, accounting for 35.9% of the total. It also dominated capital adjustments with 62.3%. The wholesale and retail sector saw the highest number of share purchase transactions, making up 43.4%.

FDI was concentrated in Hanoi City, HCMC, and provinces such as Ba Ria–Vung Tau, Bac Ninh, Dong Nai, Quang Ninh, Bac Giang, Haiphong, Thai Nguyen, and Hung Yen. These 10 localities account for 74.7% of new projects and 75.2% of total FDI in the first five months of 2024.

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