FDI in Vietnam jumped 136.4% year-on-year to $10.15 billion between January and May. (Photo: Internet)
Overseas investors pledged to put another $3.3 billion in Vietnam in May, bringing the foreign direct investment (FDI
) in the country to $10.15 billion in the year to May 20, surging 136.4% from a year earlier, as Vietnam is seen as a bright spot in the region.
During the five-month period, foreign players won approval to invest $7.56 billion in fresh projects, jumping 155.9% year-on-year while seeking to add $2.59 billion to operational projects, up 93.3%, according to data of the Foreign Investment Agency (FIA
) under the Ministry of Planning and Investment.
FDI disbursements increased 17.2% year-on-year to some $5.8 billion.
Among the 19 investee industries, manufacturing and processing remained the most appealing sector, drawing $6.61 billion from foreign enterprises.
South Korea continued to take the lead among 60 countries and territories investing in the Southeast Asian country in the period, with $3.42 billion.
The agency noted that foreign-invested enterprises in Vietnam raked in $48.26 billion from export in the period, rising 7.7% from a year earlier, making up 71.28% of the country’s total exports.
Their imports declined 1.9% year-on-year to $39.15 billion, or 59% of Vietnam’s import value. As a result, they posted a trade surplus of $9.11 billion between January and May.