FDI capital exceeds U$20 billion

According to data by the General Statistics Office, foreign direct investment (FDI) capital reached US$20.22 billion since the beginning of this year until November 20, up 17 percent over the same period last year.

A total of 1,855 projects had been licensed as of November 20 with a total capital of US$13.55 billion, up 30 percent in number and 1.1 percent in capital. 692 projects approved in previous years supplemented an extra of US$6.67 billion.

FDI capital disbursement for the last 11 months was estimated to hit US$13.20 billion, a year on year increase of 18 percent. 

The most invested industry was processing and manufacturing with nearly US$13 billion accounting for 64 percent of total registered capital.

The second most attractive was production and distribution of electricity, gas, hot water, steam and air conditioners with US$2.78 billion, accounting for 13.7 percent.

Real estate lured US$2.33 billion holing 11.5 percent and other industries drew US$2.18 billion holding 10.8 percent.

There were 47 cities and provinces in the country successfully attracting new FDI projects during 11 months.

HCMC saw the largest registered capital with US$2.55 billion accounting for 18.8 percent of the country’s total number, followed by Tra Vinh province with 2.52 billion and Dong Nai province US$14.6 billion equivalent to 19 and 11 percent respectively.

Of 56 nations and territories having new FDI projects in Vietnam, the largest investors were South Korea, Malaysia and the United Kingdom.

By Anh Phuong – Translated by Hai Mien

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