Key driving forces of economic growth in 2015

08:12, 29/12/2015

Sound foreign direct investment and strong industrial production sector are among key driving forces of economic growth in 2015.

 

Sound foreign direct investment and strong industrial production sector are among key driving forces of economic growth in 2015.

Viet Nam attracted around US$ 22.76 billion in foreign direct investment (FDI) this year, an increase of 12.5% from the previous year, the General Statistics Office (GSO) reported.

As of mid-December, the country granted licenses to 2,013 FDI projects with total registered capital of US$15.58 billion, up 26.8% in quantity but down 0.4% in value in comparison with 2014.

Meanwhile, investors registered to increase investment capital by US$7.18 billion to the current 814 projects this year.

Processing and manufacturing sector remained the top attractive sector with committed volume of US$15.23 billion (accounting for 66.9% of the total); followed by electricity production and distribution, fuel with US$2.8 billion (or 12.4%); real estate with US$2.3 billion.

HCMC took the lead in FDI attraction with over US$2.8 billion (accounting for 18% of the total registered capital); followed by Tra Vinh with over US$2.5 billion (16.2%); Binh Duong with over US$2.4 billion (15.8%); and Dong Nai with over US$1.4 billion.

In 2015, the Republic of Korea was the largest investor with over US$2.6 billion of FDI (17.2% of total); followed by Malaysia with US$2.4 billion (15.7%); Samoa with US$1.3 billion (8.4%); Japan with US$1.2 billion (8.2%).

Noticeably, the year 2015 also featured with various projects worth more than US$1 billion, including the US$3 billion Sam Sung Display factory in Bac Ninh province.

The GSO believed that improved legal system on investment and encouragement of high-tech and environmentally-friendly projects further turned the country into an attractive investment destination./.

(Source:VGP)