More than 11.07 billion USD in foreign direct investment (FDI) was funneled into Vietnam during January-May, up 2% against the same time last year, according to the Ministry of Planning and Investment (MPI)’s Foreign Investment Agency. Of the total, 7.94 billion USD was poured into 1,227 new projects, a year-on-year increase of 50.8% and 27.5%, respectively. Meanwhile, 440 projects had their capital added with a total of over 2.08 billion USD, dropping 9.3% and 8.7% as compared to the same time last year. The disbursement of FDI capital grew 7.8% to some 8.25 billion USD during the five-month period. As of May 20, the country was home to 40,285 valid projects with a combined capital of 481.33 billion USD, around 305.43 billion USD of which has been disbursed so far.