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

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