FDI capital to Vietnam nears $22 billion

SGGP
Nearly US$22 billion has been registered in the country as of July 20, a year on year increase of 52 percent, reported the Foreign Investment Agency under the Ministry of Planning and Investment.

Processing industry draws much attention by foreign investors (Photo: SGGP)

Processing industry draws much attention by foreign investors (Photo: SGGP)

Of the total capital, $3.12 billion comes from share purchase and capital contribution, increasing 109.7 percent over the same period last year.
Foreign investors have registered to pour capital in 18 fields. The most attractive field has been processing and manufacturing with the total funds of $10.83 billion accounting for 49.4 percent of total FDI capital to the country.
It was followed by electricity production and distribution with $5.25 billion accounting for 23.98 percent and mining with $1.28 billion making up 5.86 percent.
South Korea is the largest investor in Vietnam with $5.62 billion, accounting for 25.63 percent. Japan is the second largest with $5.46 billion making up 24.92 percent.
Thanh Hoa province attracted most FDI capital with $3.06 billion, accounting for 13.9 percent. The second and third largest invested provinces are Bac Ninh with $2.95 billion and Nam Dinh with $2.2 billion.
During the first seven months this year, FDI capital disbursement reached $9.05 billion, up 5.8 percent over the same period last year.

By ANH PHUONG – Translated by Hai Mien

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