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Wednesday, October 5, 2022

Newly-registered foreign investment plunges 56.3% in Jan-Apr

By Le Hoang

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HCMC – Newly-registered foreign investment in the first four months of the year reached US$3.7 billion, plummeting 56.3% year-on-year, the Ministry of Planning and Investment said.

In this period, the country attracted more than US$10.8 billion in foreign investment, down 11.7% year-on-year.

Of the total, US$5.29 billion was registered to be added to 323 operational projects, surging 92.5%. In addition, foreign investors committed to injecting US$1.83 billion into over 1,000 transactions to contribute funds and acquire shares in local firms, soaring 74.5%.

Notably, the foreign investment disbursement in the four-month period totaled US$5.92 billion, a year-on-year increase of 7.6%.

Foreign investors poured capital into 44 cities and provinces, with Binh Duong being the largest recipient of foreign investment with some US$2.35 billion, accounting for 21.7% of the country’s total registered foreign investment and rising over 4.9 times over the same period last year.

Bac Ninh came second with nearly US$1.57 billion, followed by HCMC with some US$1.28 billion.

In terms of sectors, the processing and manufacturing sector took the lead in investment capital at nearly US$6.2 billion, accounting for 57.2% of the total registered capital. The real estate sector ranked second with US$2.8 billion.

Among the 72 countries and territories investing in Vietnam in the January-April period, Singapore was the biggest investor with over US$3.1 billion, making up 28.8% of total registered capital, followed by South Korea with more than US$1.82 billion and Denmark with US$1.32 billion.

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