Vietnam attracts US$19 billion FDI

11:10, 28/10/2015

Foreign investors have pumped more than US$19.292 billion in 1,657 new and 667 existed FDI (foreign direct investment) projects in the first ten months of this year, a rise of 40.8% against the corresponding period last year.

Foreign investors have pumped more than US$19.292 billion in 1,657 new and 667 existed FDI (foreign direct investment) projects in the first ten months of this year, a rise of 40.8% against the corresponding period last year.

Of the figure, US$11.8 billion has been disbursed, a year-on-year increase of 16.3%, the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment (MoPI) reported.

The processing and manufacturing industries drew the largest share of foreign investment with US$12.484 billion, accounting for 64.7% of the total registered capital, trailed by electric production and distribution, gas, hot water, steam, air conditioner, and real estate.

Tra Vinh led 47 provinces and cities with the largest number of newly licensed FDI projects and a registered capital of US$2.526 billion. It was followed by HCM City, Dong Nai, Binh Duong, Hanoi, Tay Ninh, Haiphong and Quang Ninh.

Malaysia topped 59 foreign investors in Vietnam, injecting US$2.416 billion or 19.4% of the total FDI, trailed by the Republic of Korea, the UK, Japan, Taiwan (China) and Singapore.

(Source:VOV)