Vietnam: Foreign investment disbursements at highest level since 2018

In the year to March 20, Vietnam had attracted US$8.91 billion in foreign investment, down 12.1% year-on-year. However, the disbursed foreign investment had reached the highest level since 2018, according to the General Statistics Office.

The foreign investment disbursement was put at US$4.42 billion in the first quarter of this year, rising 7.8% over the same period last year, the local media reported.

During the period, foreign investors registered to inject over US$3.21 billion into 322 projects. The respective figures represent a 55.5% year-on-year decline but a 37.6% rise.

The period also saw 228 operational foreign direct investment projects revise up their capital by a total of US$4.07 billion, soaring 93.3% over the same period last year.

Besides, foreign investors conducted 734 transactions to contribute funds and acquire shares in local firms with total capital of some US$1.63 billion, surging 102.6% year-on-year.

Meanwhile, Vietnamese firms poured US$211.5 million into their projects abroad in the period, down 63% over the same period last year. Of the total, 24 projects received investment certificates overseas with total registered capital of US$180.2 million, up 28.5%, and three existing projects saw their capital rise by a total of US$31.2 million, plummeting 92.8%.

Source: SGT