Vietnam's FDI disbursement in January-May hits five-year high

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HANOI, May 29 (Xinhua) -- The total foreign direct investment (FDI) disbursed in Vietnam in the first five months of 2024 is estimated to rise 7.8 percent year on year to 8.25 billion U.S. dollars, a record for the five-month period in five years, reported the General Statistics Office on Wednesday.

The processing-manufacturing sector saw the largest amount at 6.5 billion dollars, accounting for 78.9 percent of the total FDI disbursed in the Southeast Asian country during the cited period.

It was followed by real estate business at 781 million dollars, and production and distribution of electricity, gas, hot water, steam and air conditioning at 336.2 million dollars.

As of May 20, foreign investment funneled into Vietnam reached 11.07 billion dollars, a year-on-year increase of 2 percent, said the office.

Among the 53 countries and regions with newly-licensed projects in Vietnam in the first five months of this year, Singapore was the biggest with 2.92 billion dollars, or 36.8 percent of the total. Enditem

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