HCMC continues taking lead in FDI attraction

SGGP

HCMC continues leading Vietnam in foreign direct investment (FDI) attraction as of October 20 this year with the total registered capital of US$5.03 billion accounting for 17.8 percent of the country’s total.

A hi-tech garment making line invested by Japanese Uniqlo Company in Vietnam (Photo: SGGP)

A hi-tech garment making line invested by Japanese Uniqlo Company in Vietnam (Photo: SGGP)

According to reports from Foreign Investment Agency under the Ministry of Planning and Investment, Bac Ninh and Thanh Hoa provinces rank second and third with $3.19 billion and $3.16 billion, making up 11.3 and 11.2 percent respectively.
A total of 2,070 projects receive investment certificates in the country with the registered capital of $16.3 billion, up 32.9 percent over the same period last year.
In addition, 1,001 projects register to supplement $7.27 billion of investment amount, up 35.9 percent over the same period last year and 4,156 capital contributions and share purchases by foreign investors with the total value of $4.67 billion, a year on year increase of 58.8 percent.
so, newly registered and additional capital, capital contributions and share purchases total $28.24 billion during the first ten months, hiking 37.4 percent over a year ago.
FDI project disbursement reaches $14.2 billion, raising 11.8 percent.
Foreign firms have invested in 19 fields. The most attractive one is manufacturing and processing with $13.75 billion, making up 48.7 percent of total registered capital.
Electricity production and distribution rank second while real estate is the third attractive field.
So far, 112 nations and territories have invested in Vietnam. South Korea is the largest investor with $7.62 billion making up 27 percent, followed by Japan and Singapore with $6.07 billion and $4.59 billion accounting for 21.5 and 1.3 percent respectively.

By ANH PHUONG – Translated by Hai Mien

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