FDI inflows surge 58% to $38B in 7 months

The National Statistics Office disclosed that FDI inflows surged 58% to $38 billion over the first seven months of the year. This marked the highest seven-month disbursement in five years, with a 11.8% increase from the previous year. The majority of the capital, $12.55 billion, was directed towards processing and manufacturing.

Newly registered FDI saw substantial growth, with 2,429 projects receiving licenses and $21.05 billion in registered capital. While the number of projects grew by 7.8% year-on-year, the newly registered capital more than doubled, a 2.1-fold increase. Processing and manufacturing remained the top recipient, absorbing $11.58 billion, or 55% of the total.

Energy production and distribution ranked second with $3.13 billion, 14.9% of the total. Among 69 countries investing in Vietnam, Singapore led with $7.5 billion, followed by the Republic of Korea, Hong Kong (China), and China. The number of projects increasing their investment also rose, with 666 projects adding $10.43 billion, a 4.4% year-on-year increase.

Additionally, capital contributions and share purchases totaled $6.58 billion, a 61.6% increase year-on-year. Most investment was directed towards professional, scientific, and technological activities, worth $2.68 billion, followed by wholesale and retail with $1.96 billion. Vietnam's investment abroad also grew robustly, reaching $2.36 billion, four and a half times higher than a year earlier.

New overseas investment licences were granted for 106 projects worth $1.17 billion, up 2.9 times year-on-year. The largest recipient of Vietnamese investment was Laos, receiving $638.3 million, followed by Cambodia and Indonesia.