Disbursement of foreign direct investment (FDI) in 2014 reached US$12.35 billion as of December 15, up 7.4% from the previous year, the Foreign Investment Agency (FIA) has reported.
Disbursement of foreign direct investment (FDI) in 2014 reached US$12.35 billion as of December 15, up 7.4% from the previous year, the Foreign Investment Agency (FIA) has reported.
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The FIA says total pledges during the period fell by 6.5% year on year, but exceeded the full-year target by 19%.
Export revenue by the foreign sector, including oil companies, is estimated at US$101.59 billion, up 15.2% from a year earlier and accounting for 68% of Vietnam’s total export value.
With oil revenues excluded, the sector brought in US$94.41 billion in the last twelve months, a year-on-year rise of 16.7%.
At the same time, foreign-invested enterprises imported goods worth US$84.56 billion, posting a trade surplus of US$17.03.
According to the FIA, manufacturing is the strongest magnet for foreign investment, attracting nearly US$14.5 billion in 774 projects, making up 71.6% of total FDI pledges in 2014.
The property and construction sectors come second and third, with pledges worth US$2.54 billion and US$1.05 billion respectively.
The Republic of Korea takes the lead among the countries and territories investing in Vietnam with US$7.32 billion, followed by Hong Kong, Singapore and Japan.
The northern province of Thai Nguyen is the most attractive destination to foreign investor, receiving US$3.35 billion, equivalent to 15.4% of total investment pledges in 2014.
Ho Chi Minh City and Dong Nai province came second and third with US$3.1 billion and US$1.83 billion.
(Source:Nhan Dan)
