FDI disbursements fall in May

Disbursement of foreign direct investment reached US$4.52 billion during the first five months of this year, a modest yearly increase of 0.4 per cent, the Ministry of Planning and Investment said.

However, disbursement had a tendency to decrease month-by-month since Tet (Lunar New Year holiday), from $1.4 billion in March to $1 billion in April and only $900 million this month, the ministry's Foreign Investment Agency said.

This month also witnessed the lowest level of new FDI with only $322 million coming from 51 new foreign-invested projects.

During this month, 13 existing projects were allowed to increase their capital by a total of $343 million, representing a year-on-year increase of 50 per cent in capital but a slump of 53 per cent in the number of projects.

The latest addition has brought the total of FDI registered during January-May to $4.7 billion, down 76.5 per cent against the same period last year, the agency said.

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