7M FDI follows growth trajectory

Foreign investment projects in the first seven months of this year are maintaining development momentum.

Foreign investors place great trust in Vietnam’s role in global supply chains, as enterprises are now recovering and expanding production and business activities, according to the Foreign Investment Agency (FIA).

According to an FIA report, foreign investment totaled $15.541 billion in the first seven months, equal to 92.9 per cent of the figure in the same period of 2021.

Newly-registered FDI capital reached $5.27 billion, down 43.5 per cent year-on-year, while capital contributed to purchase shares was $2.58 billion, up 25.7 per cent, and additional capital to existing projects totaled $7.24 billion, up 59.3 per cent.

Foreign investors have invested in 18 industries out of the total of 21 this year.

Processing and manufacturing continues to lead the way in FDI attraction, with more than $10 billion, or 64.3 per cent of the total. Following was real estate, with over $3.21 billion, or nearly 20.7 per cent.

Professional science and technology activities and information and communications ranked third and fourth, respectively, with total capital of nearly $526.2 million and nearly $465 million.

Eighty-eight countries and territories invested in Vietnam in the first seven months, with Singapore, South Korea, and Denmark being the largest in terms of registered capital. 

Source: VnEconomy