FDI inflows to Vietnam hit 4-year high. Real estate came second
27/05/2019 08:59 | Source: SGGP Online
Some $2.15 billion of registered foreign capital was invested in Vietnam this month, raising the total foreign investment capital in the first 5 months of 2019 to $16.75 billion, up 69.1 percent over the same period last year, according to official statistics.

The firgures was reported by the Foreign Investment Agency, under the Ministry of Planning and Investment. The agency also noted that it is the highest level in the same period of the recent 4 years.

Notablly, all three components including new registration, supplement and capital contribution, share purchase of foreign investment flows tend to rise.

Vietnam real estate market
Real estate ranked second among 19 sectors and fields receiving capital from foreign investors. Photo: ANT

During the period, Vietnam had 1,363 new projects granted investment registration certificates with a total new registered capital of $6.46 billion, an increase of 38.7 percent over the same period last year. Meanwhile, some 505 investment projects were registered to adjust investment capital with total registered capital increased additionally by $2.63 billion, rising 5.5 percent year-on-year. 

Besides, there were 3,160 capital contributions, shares purchase of foreign investors with a total value of $7.65 billion, or 2.8 times higher than the same period of 2018 and accounting for 45.7 percent of the total registered capital. The disbursement rate still maintained a slight increase, estimated at $7.3 billion, increasing 7.8 percent year-on-year. 

Manufacturing and processing led among 19 sectors and fields receiving capital from foreign investors, with $12 billion, making up 72 per cent of total FDI. With $1.13 billion, real estate came second, accounting for 8 percent, followed by retail and wholesale with $864 million, equivalent to 5 percent.  

The country lured investment projects of 88 countries and territories worldwide. Of which, Hong Kong ranked the first with a total investment of $5.08 billion, followed by South Korea with $2.62 billion. 

Nationwide, Hanoi has attracted the most foreign investment with a total registered capital of over $4.79 billion; followd by Ho Chi Minh City with $2.78 billion; and Binh Duong with $1.25 billion.