Wednesday , February 8 2023

FDI disbursement highest in past five years

Disbursement of foreign direct investment (FDI) in Vietnam in 2022 is estimated at nearly $22.4 billion, up 13.5% year-on-year, making it the highest amount in the past five years.

The country attracted a total of $27.72 billion in FDI as of December 20, down 11% year-on-year, the General Statistics Office announced Thursday.

Among 108 nations and territories pouring capital into Vietnam this year, Singapore ranked first with $6.46 billion or 23.3% of the total. It was followed by the Republic of Korea ($4.88 billion), and Japan ($4.78 billion).

Foreign investors have invested in 19 out of 21 national economic sectors, of which the processing and manufacturing industry took the lead with a total investment of $16.8 billion, accounting for 60.6% of the total registered capital.

With $4.45 billion, the real estate sector ranked second, followed by power production and distribution with $2.26 billion.

This year, foreign investors have landed their investments in 54 Vietnamese provinces and cities. Ho Chi Minh City led the nation with $3.94 billion, and was followed by Binh Duong ($3.14 billion), and Quang Ninh ($2.37 billion).

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