Vietnam attracted approximately US$5 billion in foreign direct investment (FDI) during the opening two months of the year, equivalent to roughly 91.5% against the same period last year, according to statistics released by the Ministry of Planning and Investment.

The decrease in newly-registered investment capital can largely be attributed to a lack of large-scale projects, with only one project featuring large investment capital of up to US$136.4 million.

Most notably, the disbursement of FDI projects in the reviewed period was estimated to be US$2.68 billion, an increase of 7.2% compared to last year’s corresponding period.

These positive signs are attributable to the Government’s prompt solutions aimed at helping pandemic-hit businesses maintain and expand their production activities.

The processing and manufacturing industry took the lead in terms of FDI attraction with over US$3.13 billion, duly accounting for 62.7% of total registered investment capital.

Furthermore, the real estate sector ranked second with nearly US$1.52 billion, followed by science and technology activities, as well as electricity production and distribution.

Singapore topped the list of foreign investors in the nation with over US$1.7 billion, accounting for 34.2% of total investment capital in the country and representing a rise of 59.3%, followed by the Republic of Korea, with over US$1.4 billion and China with nearly US$538 million.

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