Photo for illustration (Source: VNA)
According to the Foreign Investment Agency under the Ministry of Planning and Investment, the RoK was followed by Japan with USD1.94 billion and Singapore with USD1.23 billion.
The agency reported that as of May 20th, total foreign direct investment poured into Vietnam reached USD12.13 billion, up 10.4 percent year-on-year.
Of the sum, USD5.59 billion was injected in 939 new projects, 73.9 percent of the figure in the same time last year, and 4.74 billion was added to underway projects, a rise of 83 percent year on year. The rest USD1.79 billion was invested in 2,061 capital contribution and share buying deals.
In the first five months of 2017, FDI disbursement reached USD6.15 billion, an increase of 6 percent from last year.
Processing and manufacturing industry attracted the most capital at USD80.9 billion, 66.7 percent of total FDI, followed by mining at USD1.28 billion and wholesale and retail sector at USD798 million.
FDI sector exports in the first five months of this year (including crude oil) hit USD57.24 billion, up 19 percent year on year making up 72.19 percent of the country’s total export revenue. The sector’s exports excluding crude oil were USD56.15 billion, rising 19 percent over the same time last year.
The agency reported that among 58 cities and provinces attracting FDI in the months, northern Bac Ninh took the lead with USD2.76 billion, accounting for 22.7 percent of the total.
The southern province of Binh Duong came second with USD1.64 billion, followed by Ho Chi Minh City with USD1.39 billion.
Major projects licenced in the first five months included the RoK-invested SamSung Display Vietnam project which is added with USD2.5 billion in Bac Ninh, the USD1.27 billion B-O Mon gas pipe project invested by Japanese investors in Kien Giang, and a USD458.8 million project by Polytex Far Eastern Vietnam from Taiwan (China)./.