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Vietnam attracts US$17.61 billion in FDI for first ten months

02/11/2016

Vietnam attracted over US$17.61 billion in new and additional pledges of foreign direct investment (FDI) as of October 20, representing an 8.7% decline compared to the same period of 2015, according to the General Statistics Office (GSO).

 

 

 The manufacturing industry remained the most attractive sector to FDI in the first ten months of 2016.

FDI disbursement was estimated at US$12.7 billion, surging 7.6% year on year.

More than 2,060 new projects were licensed in the first ten months of 2016 with a total registered capital of approximately US$12.27 billion, up 24.4% concerning the number of projects but down 1.3% in regards to the registered capital against the previous year.

In addition, nearly 970 existing projects registered to increase their investment capital during the period with additional pledges of US$5.35 billion.

The manufacturing industry remained the most attractive sector to FDI, receiving US$12.85 billion in both new and additional pledges, accounting for 72.9% of the total registered capital. The real estate sector came in second place with roughly US$0.99 billion (5.6%), while other industries accounted for the remaining US$3.78 billion (521.5%).

Among the 48 cities and provinces with newly licensed FDI projects from January to October, the northern port city of Hai Phong was the largest recipient of new FDI pledges with over US$2.44 billion (19.9% of the total), followed by Hanoi with US$1.122 billion (9.1%) and Binh Duong province with US$1.098 billion (9%).

Among the 58 countries and territories with newly licensed FDI projects in Vietnam, the Republic of Korea was the largest investor with more than US$4.67 billion, accounting for 38.1% of the total. Singapore was second with US$1.27 billion (10.4%), followed by Hong Kong (China) with US$0.96 billion (7.8%), China with US$0.9 billion (7.3%), Chinese Taipei with US$0.82 billion (7.7%) and Japan with US$0.73 billion (5.9%).

 

Nhan Dan | October 29, 2016 12:00 PM

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