Singapore tops foreign investors in Vietnam over six-month period

Singapore tops the list of a total of 80 countries and territories investing in the nation this year with investment reaching US$5.64 billion, trailed by Japan at US$2.44 billion, and the Republic of Korea at US$2.05 billion, according to the Ministry of Planning and Investment.

The MPI report indicates that foreign investors have poured US$5.27 billion of investment into the Southeast Asian nation this year, equivalent to 97.4% of the amount recorded during the same period from last year

As of June 20, a total of US$9.55 billion has been injected into 804 newly-licensed projects, representing an annual rise of 13.2%, while foreign investors also poured US$1.61 billion into local share purchase deals.

Furthermore, the disbursement of foreign direct investment (FDI) throughout the reviewed period surged by 6.8% from the same period last year to reach US$9.24 billion.

Among the 18 sectors attracting FDI, manufacturing-processing has attracted the highest amount at US$6.98 billion, accounting for 45.7% of the total investment, followed by power production and distribution with US$5.34 billion, roughly 35% of the total investment.

The export revenue of the foreign-invested sector has continued to expand by 32.2% to reach US$116 billion, including crude oil, making up 74.1% of the country’s total export revenue. The sector’s revenue, excluding crude oil, hit US$115.3 billion, marking an annual rise of 32.6%.

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