8.9 billion USD worth of FDI poured into Vietnam in 4 months
(VOVWORLD) - Foreign direct investment (FDI) channeled into Vietnam has neared 8.9 billion USD so far this year, according to the Ministry of Planning and Investment’s Foreign Investment Agency.
 (Photo: VNA) |
The figure is a positive sign for Vietnam amid global fluctuations of FDI capital as developed countries who are main FDI suppliers decided to impose minimum tax of 15% on multilateral groups with global revenue of 750 million euro and more by the end of this year.
In the last four months, foreign investors invested in 18 economic sectors, mostly in processing and manufacturing with over 5.1 billion USD or 57.8% of their total investment. It is followed by finance, banking and real estate sectors.
77 countries and territories invested in Vietnam during this period with Singapore taking the lead by pouring close to 2.2 billion USD into the market, followed by Japan with nearly 2 billion USD, and China with 752 million USD.
Investments went to 46 cities and provinces with Hanoi taking the lead with a registered FDI of 1.1 billion USD, followed by Bac Giang, HCM City, Binh Duong and Dong Nai.
According to the Department of Foreign Investment, the growth of new investment projects reflects businesses’ confidence in Vietnam’s investment environment.