Foreign investment hits US$11.57 billion

Vietnam has attracted more than USD11.57 billion  in foreign direct investment (FDI) since the beginning of this year, a year-on-year drop of 12.3 percent.

Of the figure, USD10.79 billion came from 658 newly-licensed projects, up 41 percent year-on-year in value, and USD787 million  from 143 operational projects, down 85.8 percent in terms of capital compared to the same period last year.

In August alone, the country licensed 125 projects with a combined registered capital of USD2.47 billion  and permitted six others to add USD72 million  to their existing investments, reported the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.

As many as USD850 million of FDI were disbursed in August, bringing the total amount so far this year to USD7.25 billion, a year-on-year rise of 3.6 percent, according to the FIA.

During the January-August period, the FDI-invested sector earned USD23.96 billion  from exports and spent USD22.37 billion on imports, year-on-year rise of 26.6 percent and 43.6 percent, respectively.

Vietnam expects to attract between USD22-25 billion in FDI this year.

Source: VietnamPlus

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