Vietnam draws over US$10.8 billion of FDI in four months

WAM
28 Apr 2022, 16:20 GMT+10

HANOI, 28th April, 2022 (WAM) -- Vietnam attracted over US$10.8 billion of foreign direct investment (FDI) in the first four months of this year, equivalent to 88.3 percent of the amount recorded in the same period last year, the Vietnam News Agency (VNA) quoted the Ministry of Planning and Investment (MPI) as saying on Thursday.

While a decrease of 56.3 percent was seen in the newly-registered capital to nearly US$3.7 billion, a respective surge of 92.5 percent and 74 percent was recorded in the investment injected into underway projects to nearly

US$5.29 billion, and capital contributions and share purchase deals to US$1,83 billion.

Notably, FDI disbursement in the January-April period reached US$5.92 billion, a year-on-year rise of 7.6 percent, reported the MPI.

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

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

Currently, there are 1,549 underway Vietnamese-funded projects abroad with total investment of nearly US$21.55 million, mostly in mining, and agro-forestry and fisheries sector.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Cambodian Times.

More Information

null in null

International

Section

Critics say Özdağ case aims to silence Erdogan opponents

Turkish far-right leader on trial for inciting hatred

ANKARA, Turkey: A Turkish far-right politician went on trial Wednesday, facing charges of inciting public hatred—an episode critics...

Assisted dying bill clears key hurdle in UK Parliament

UK Parliament backs assisted dying in historic vote

LONDON, U.K.: In a landmark moment for Britain, lawmakers in the House of Commons have voted in favour of legalising assisted dying,...

International law no longer a priority among Western leaders

World returns to 'law of jungle' in face of pre-emptive strikes

Western support for Israel's right to strike Iran backs up a pattern of pre-emptive violence that critics say is further eroding international...

Carney sets 30-day deadline for US trade deal

Canada threatens higher tariffs on US steel, aluminum

OTTAWA, Canada: Canada may boost its counter-tariffs on steel and aluminum imported from the U.S. if a comprehensive trade agreement...

Leaked call pushes Thai govt to the brink as allies waver

Thai PM faces coalition crisis after leak and party walkout

BANGKOK, Thailand: Thailand's government is facing its biggest crisis in nearly a year, as Prime Minister Paetongtarn Shinawatra's...

Trump orders U.S. to join Netanyahu's war on Iran

Trump fires opening salvos in U.S. declaration of war on Iran

WASHINGTON, DC - U.S. President Donald Trump how bowed to pro-Israel elements in his administration and Congress, announcing that the...

Sports

Section