FDI capital to Vietnam increases 47 percent

Vietnam attracted 1,408 foreign direct investment (FDI) projects with the total registered capital of US$8.7 billion from early 2016 to July 20, a year on year increase of 32 percent in the number of projects and 25.5 percent in capital.

A FDI firm in HCMC (Photo: SGGP)

Data from the General Statistics Office show that total newly registered and supplementary capital exceeded US$12.94 billion, up 46.9 percent over a year earlier.

47 provinces and cities in the country had new FDI projects in the first seven months. Of them, Hai Phong city attracted most capital with nearly $1.84 billion, accounting for 21.2 percent of newly registered funds.

The city was followed by Hanoi, Binh Duong and Dong Nai. Ho Chi Minh City was ranked fifth with $641.4 million, accounting for 7.4 percent of total FDI capital.

South Korean continued to be the largest investor in Vietnam out of 58 nations and territories. At the next positions were Singapore, Hong Kong, Taiwan (China) and Japan. Chinese businesses poured $393.3 million in Vietnam accounting for 4.5 percent of FDI capital to the country.

By Anh Phuong – Translated by Hai Mien

Other news

Most view


VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


HCMC focuses on safe pig breeding chain

The HCM City department of agriculture & rural development has just held conference about the sustainable pig breeding and safe pork production market in HCMC.

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market