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11M FDI up 83%

Released at: 17:46, 27/11/2017

11M FDI up 83%

Photo: VNA

Figure reaches nearly $20 billlion during first eleven months of the year.

by Tue Lam

Total foreign direct investment (FDI) in Vietnam reached $33.09 billion in the first eleven months of this year, up a staggering 82.8 per cent year-on-year, according to the latest report from the Foreign Investment Agency (FIA) at the Ministry of Planning and Investment.

There were 2,293 new projects granted investment certificates during the period, with total registered capital of $19.8 billion, an increase of 52 per cent year-on-year.

There were also 1,100 existing projects raising their investment capital by a total of $8 billion, up 57.6 per cent year-on-year.

Foreign investors also purchased shares in 4,535 local enterprises, spending $5.29 billion, up 57.6 per cent year-on-year.

Disbursement was also higher, reaching $16 billion as at November, up 11.9 per cent year-on-year.

The FIA figures reveal that foreign investors invested in 19 sectors. Processing and manufacturing industry continued to attract the most, with $14.95 billion, accounting for 45.2 per cent of the total. Electricity production and distribution followed, with $8.37 billion, accounting for 25.3 per cent, then real estate with $2.5 billion, accounting for 7.6 per cent.

Some 112 countries and territories have investment projects in Vietnam, of which Japan led the way with capital of $8.94 billion, accounting for 27 per cent of the total. South Korea followed, with $8.18 billion, accounting for 24.7 per cent, then Singapore with $4.69 billion, accounting for 14.2 per cent.

Foreign investors invested in 59 cities and provinces around Vietnam in the period, of which Ho Chi Minh City attracted the most, with $5.68 billion, accounting for 17.2 per cent of the total. Northern Bac Ninh province ranked second, with $3.28 billion, accounting for 9.9 per cent, then northern Thanh Hoa province with $3.16 billion, accounting for 9.5 per cent.

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