FDI Pledges to Vietnam Hit Over US$15 Billion in First Half of 2021

9:14:16 AM | 6/25/2021

Vietnam has attracted US$15.27 billion worth of foreign direct investment (FDI) in the first half of 2021, equivalent to 97.4% of the figure recorded in the same period last year, according to the Ministry of Planning and Investment (MPI).

Data as of June 20 shows that of the total FDI pledges, US$9.24 billion has been disbursed, up 6.8% year-on-year.

During the period, as many as 804 new FDI projects were licensed across the country with a total registered capital of nearly US$9.55 billion, representing a year-on-year increase of 13.2%. In addition, new pledges of US$4.12 billion were made to 460 existing projects, up 10.6%.

Foreign investors’ capital contributions and share purchases between January and June reached approximately US$1.61 billion, down 54.3% from the same period in 2020.

The MPI report stated that among the 18 FDI-attracting industries, the processing and manufacturing sector continued to take the lead with US$6.98 billion, accounting for 45.7% of the total registered capital.

Electricity production and distribution came next with US$5.34 billion or nearly 35%, followed by real estate with US$1.15 billion and science-technology with US$476 million.

So far this year, 80 countries and territories have invested in Vietnam, led by Singapore with US$5.64 billion, accounting for nearly 36.9% of the total and up 3.6% year-on-year. Japan and the Republic of Korea rank second and third with US$2.44 billion, or nearly 16% of the total (up 66.8%) and US$2.05 billion, or 13.4% (up 43.6%), respectively.

As of June 20, there are 33,787 valid FDI projects in Vietnam with a total registered capital of US$397.89 billion, with the disbursement rate hitting 60.6%, or approximately US$241.1 billion.

Source: NDO