Hanoi tops FDI attraction in first five months

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As of May 20^th, implemented capital of FDI projects posted USD5.8 billion, up 17.2% over a year earlier. Meanwhile, the country had 907 new projects licensed with a total registered capital of USD7.56 billion, up 156%. In addition, 425 operating FDI projects registered new additional capital of USD2.59 billion, up 93.3%.

Over the past five months, foreign investors poured capital into 19 sectors. Manufacturing and processing drew the most attention with 398 newly-registered projects and USD6.61 billion in newly-licensed and increased capital, accounting for 65.1% of the country’s total FDI capital in the five months.

It was followed by information and communications with 67 new projects and USD1.3 billion, making up 12.8%, and real estate business with USD542.8 million, making up 5.3%.

Among 60 countries and territories investing in Vietnam in the five months, the Republic of Korea topped the list with USD3.42 billion, accounting for 33.7% of the country’s total FDI capital, followed by Luxembourg with over USD1.24 billion (12.3%) and Singapore with USD907 million (8.9%).

In the five months, Hanoi took the lead among 50 provinces and cities luring FDI capital with 139 newly-licensed projects and 41 existing project with increased capital, valued at USD1.96 billion, accounting for 19.3%. Following it were Hai Phong at USD1.71 billion (16.9%) and Dong Nai at USD921.8 million (9.1%)./.