The overall figure for foreign direct investment (FDI) in Vietnam for the year so far reached US$13.9 billion as of May 20, an annual decline of 17%, according to the latest figures released by the General Statistics Office.

Five-month period sees FDI total hit US$13.9 billion (Photo: VNA)

In total, the country granted investment licenses to 1,212 new projects capitalized at US$7.4 billion, a fall of 11.1% in terms of the number of projects, but a rise of 15.2% in capital. In addition, 436 existing projects registered to adjust their capital with an injection of US$3.5 billion, an increase of 31.4%.

Moreover, the value of capital contributions and shares purchased by foreign investors reached approximately US$3 billion, representing a steep fall of 60.9%.

Elsewhere, FDI disbursement throughout the reviewed period stood at an estimated US$6.7 billion, an annual decline of 8.2%.

Most notably, the processing and manufacturing industry came first, attracting US$4.9 billion worth of new investment, making up 73.6% of the total, followed by sectors such as real estate, electricity distribution, gas, steam, and air conditioning.

Globally, Singapore topped the list of 58 countries and territories currently investing in Vietnam with US$4.3 billion, followed by Taiwan (China) with a figure of US$743.2 million, and China with US$694.9 million.

Elsewhere, the country’s total investment capital abroad throughout the reviewed period reached US$180.7 million, equivalent to 98.7% of the figure from last year’s corresponding period.