Vietnam FDI inflow plunges 8.9% in first half

Tuesday, June 28, 2022  13:56

VOV.VN - Vietnam has attracted US$14.03 billion in foreign direct investment (FDI) in the first six months of 2022, a drop of 8.9% compared to the same period last year, according to data compiled by the Ministry of Planning and Investment (MPI).

The Ministry reported that as of June 20, a total of US$4.94 billion was injected into 752 newly-licensed projects, marking an annual decline of 48.2% and 6.5%, respectively.

Some US$6.82 billion was added to 487 existing projects, representing increases of 65.6% and 5.9% year on year, respectively.

Foreign investors also poured a further US$2.27 billion into share purchase deals in the country, up 41.4%.

According to the Ministry, although newly-registered capital has yet to fully recover following disruption caused by the global COVID-19 fight in 2021, adjusted capital, capital contribution, and share purchases made by foreign investors have continued to increase by 65.6% and 41.4%, respectively.

Among the 18 sectors attracting FDI, manufacturing and processing lured the highest amount with US$8.84 billion, accounting for 63% of the total investment, followed by real estate with US$3.15 billion, making up approximately 22.5% of the total.

Singapore leads 84 countries and territories investing in Vietnam, pouring in US$4.1 billion, equivalent to 29.5% of the total amount. It was followed by the Republic of Korea with investment of US$2.66 billion.