Vietnam attracts $9.27 bln in registered FDI from Jan-Apr, Ba Ria-Vung Tau top recipient

Registered foreign direct investment (FDI) in Vietnam reached $9.27 billion in the year to April 22, while disbursed FDI hit $6.28 billion, the highest figure in the last five years.

The registered FDI was 4.4% higher than the same period last year ($8.88 billion), but lower year-on-year compared to 2019-2022, the peak period of the Covid-19 pandemic, according to the General Statistics Office.

Of the total, $7.11 billion was pledged for 966 newly-registered projects, up 73.2% and 28.8% year-on-year, respectively.

Additional capital for 345 existing projects reached $1.23 billion, down 25.6% year-on-year, while $929.6 million came from 902 capital contribution/acquisition deals, down 70.1%.

Regarding newly-registered capital, the manufacturing-processing sector led with $5 billion, or 70.2% of the total; followed by the real estate sector with $1.6 billion, or 22.5%.

Locality-wise, the southern province of Ba Ria-Vung Tau was the biggest recipient of newly-registered capital with $1.52 billion, followed by Hanoi with $1.01 billion, and the northern provinces of Quang Ninh and Bac Ninh with $738 million and $596 million, respectively.

Singapore was the biggest source with $2.59 billion, followed by Hong Kong with $899 million, Japan with $814 million, and mainland China with $740 million. Completing the top five, and also the only source not in Asia, was Turkey with $730 million.

In the period, disbursed FDI reached $6.28 billion, up 7.4% year-on-year. This was the highest figure in the last five years. It included $4.93 billion in the manufacturing-processing sector and $607.6 million in real estate.