Vietnam attracts US$25.37 billion FDI capital in nine months

9/27/2018 - 4:53:55 PM

Vietnam has attracted US$25.37 billion worth of FDI capital in the first nine months of this year, or 99.6% of last year’s figure, the Foreign Investment Agency (FIA), under the Ministry of Planning and Investment, has announced.

Manufacturing remains the most attractive industry for foreign investors. (Illustrative photo: VNA)

During January-September, FDI disbursement reached US$13.25 billion, an annual increase of 6% compared to the same period of 2017.

As of September 20, a total of 2,182 new foreign-invested projects, worth US$14.1 billion, were granted licences, while 841 projects registered to increase their capital by a total of US$5.5 billion.

Vietnam also posted nearly US$5.7 billion worth of capital contribution and share purchases, up 36.8% compared to the corresponding period last year.

Manufacturing remains the most attractive industry for foreign investors, having attracted US$11.3 billion, accounting for 44.6% of the total registered FDI capital, followed by real estate with a total registered capital of US$5.8 billion, while wholesale and retail sales came in third with a total registered capital of US$2.1 billion.

Of the 104 countries and territories supplying FDI to Vietnam, Japan remained the largest source of foreign investment. Japanese investors registered to invest US$7 billion, making up 28% of the total FDI.

The Republic of Korea came second, pumping in US$5.6 billion or 22.4% of the total FDI, followed by Singapore with US$3.6.

Hanoi, Ho Chi Minh City and Ba Ria - Vung Tau attracted the largest amount of FDI capital during the period, with a total registered capital of US$5.8 billion, US$4.2 billion and US$2.1 billion, respectively.

Source: NDO

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