FDI reaches $33 billion at November’s end

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Foreign direct investment (FDI) in Vietnam reached 33.09 billion USD in the first 11 months of this year, a year-on-year increase of 82.8 percent (Photo tapchitaichinh.vn)

Foreign direct investment (FDI) in Vietnam reached 33.09 billion USD in the first 11 months of this year, a year-on-year increase of 82.8 percent.

The FDI mainly came from new projects, additional investment capital and buying stake, the Ministry of Planning and Investment’s Foreign Investment Agency reported. Specifically, the ministry licensed 2,293 new projects worth 19.8 billion USD, up 52 percent compared with the same period last year.

Some 1,100 available projects raised investment capital with total value of 8 billion USD, posting a year-on-year increase of 57.6 percent. Foreign investors also contributed capital or bought stake with total value of 5.29 billion USD, up 57.6 percent.

The Foreign Investment Agency estimated foreign direct investment projects disbursed 16 billion USD, up 11.9 percent over the same period in 2016.

During the period, the processing and manufacturing sectors received the highest capital with 14.95 billion USD, equivalent to 45.2 percent of the total. It was followed by electricity production and distribution and real estate business, with total values of 8.37 billion USD and 2.5 billion USD, respectively.

Of a total 112 countries and territories investing in Vietnam, Japan led with total investment capital of 8.94 billion USD, 27 percent of the total, followed by the Republic of Korea and Singapore with total registered capital of 8.18 billion USD and 4.69 billion USD, accounting for 24.7 percent and 14.2 percent of total investment, respectively.

Of the 59 provinces and cities where foreign investors have put in capital, HCM City has attracted the most foreign investment capital, with total registered capital of 5.68 billion USD, accounting for 17.2 percent of the total investment capital.

Bac Ninh province ranked second with total registered capital of 3.28 billion USD, 9.9 percent of the total. Thanh Hoa province ranked third with total registered capital of 3.16 billion USD, equivalent to 9.5 percent of total investment.-VNA

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