Vietnam attracts US$15 billion of FDI in nine months

Vietnam attracted more than US$15 billion of foreign direct investment (FDI) in the first nine months of this year, a surge of 36.1 percent year-on-year, according to the latest report by the Ministry of Planning and Investment (MPI).

Illustrative image (Source: VNA)

Of the figure, $9.29 billion was poured into 872 newly-licenced projects, a yearly increase of 34.9 percent, while the rest $5.71 billion was added to 340 running projects, up 37.9 percent.

An estimated $8.62 billion was disbursed, up 6.4 percent compared to the figure of the same period in 2012.

The processing and manufacturing industry led all sectors in attracting FDI with 400 new projects and nearly $13 billion in both total new and additional capital, accounting for 86.4 percent of the total amount.

Real estate followed with $588.11 million, while the science and technology sector came next with $380.59 million.

Japan topped the list of 48 countries and territories investing Vietnam , with $4.736 billion, accounting for 31.6 percent of the total registered FDI, followed by Singapore with $3.95 billion and the Republic of Korea , $2.636 billion.

Fifty provinces and cities nationwide welcomed foreign investors in the reviewed period. The northern central province of Thanh Hoa attracted the largest amount of FDI capital with $2.92 billion, followed by the northern midland province of Thai Nguyen and the northern port city of Hai Phong with $2.158 billion and $1.94 billion, respectively.

The Foreign Investment Agency under the MPI announced that exports of the FDI sector (including sales of crude oil) in the nine-month period are estimated to exceed $63 billion, a 22 percent rise year-on-year and accounting for 66 percent of the country’s total export earnings.

Source: VNA

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