Vietnam has the highest amount of foreign direct investment in the past five years

This amount represents an annual increase of 7.4 percent, and is the largest achieved during a quarter in the past five years, as determined by a report from the General Statistics Office.

According to the source, the largest portion of the investments disbursed was directed to the processing and manufacturing sectors, as it accounted for $4.93 billion, equivalent to 78.5 percent of the total.

It is followed by the real estate sector with much smaller amounts (607.6 million in US currency) and the production and distribution of electricity, gas, hot water, steam and air conditioning (259.8 million).

Regarding foreign direct investments recorded during the first four months of 2024, their total value was estimated at about $9.27 billion, with an annual growth of 4.5 percentage points, of which $7.11 thousand million were allocated to 966 new projects.

The General Statistics Bureau of Vietnam also reported that among the 50 countries and regions with recently approved investment projects, Singapore had the largest participation with $2.59 billion, a figure representing 36.4 percent of the total.

This was followed by Hong Kong (China) with $898.6 million, and Japan, which ranked third with $814.1 million.

On the other hand, in the first four months of the year, Vietnamese businessmen invested $98.3 million in 36 new projects abroad, and another $580,000 in three ongoing plans.

The largest volume of capital investment from Vietnam out of the 14 countries and regions where it is present went to the Netherlands, which received $54.6 million in US currency.

Nearly four decades after the start of the reform process (Doi Moi) and opening up to foreign direct investment, Vietnam's total collection through this concept has reached nearly $500 billion.

Currently, the foreign direct investment sector provides more than two million jobs, contributes more than 70 percent of the country's total export volume, and accounts for about 50 percent of industrial production and more than 20 percentage points of GDP.

poem/mpm