FDI disbursement reaches $10 bln in first eight months

Some US$14.3 billion of direct foreign investment (FDI) was disbursed in the first eight months of this year, according to a report of Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.

In the first eight months, Vietnam has attracted 1,619 newly-licensed FDI projects with pledged capital of US$9.8 billion, up 24.3 percent compared to the same period last year. In addition, as many as 770 on- going FDI projects raised capital by US$4.57 billion, up 83 percent from the same period last year.

Totally, capital of new FDI projects and capital raising foreign businesses in the first eight months reached US$9.8 billion, increasing nearly 9 percent compared to the same period last year.

So far, the northern province of Hai Phong is leading the country in attracting the biggest volume of FDI investment capital, followed by Hanoi, the southern provinces of Dong Nai and Binh Duong.

Some large projects licensed in the first eight months of this year included LG Display Hai Phong with total investment of US$1.5 billion of Korean LG Display Corporation; the project Amata Long Thanh City in Dong Nai with total registered investment of US$309 million; Research and Development Center of Samsung in Hanoi with investment of US$300 million.

Processing industries attracted 678 newly-granted projects and 551 on-going FDI projects registered to raise investment capital by US$10.5 billion, accounting for 73.3 percent in total investment of the first eight months. Next are realty estate and science and technology.

Generally, ASEAN countries have poured investment of US$2.76 billion into Vietnam, accounting for 10 percent of total capital investment. Asian countries mostly invest in processing, realty estate, waste treatment and entertainment industries.

By Che Han – translated by Uyen Phuong

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