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9M FDI at $16.43 billion

Released at: 16:03, 23/09/2016

9M FDI at $16.43 billion

Photo: Duc Anh

Nine-month figure equal to 95.8% of the figure in the same period last year.

by Nghi Do

New and additional FDI capital totaled $16.43 billion in the first nine months of the year, representing 95.8 per cent of the figure in the same period of 2015, according to the latest report from the Ministry of Planning and Investment.

As at September 20, 1,820 new projects had been granted investment licenses with total registered capital of $11.1 billion, up 1.1 per cent year-on-year, while 851 existing projects added $5.2 billion in capital, equal to 86.1 per cent of the figure in the same period last year.

Nineteen sectors received investment, in which manufacturing and processing attracted the most, with 678 newly-registered projects and 551 projects adjusting their capital, for a total of $10.5 billion, or 73.3 per cent of all registered capital in the first nine months.

Real estate was second, with 34 new projects and total capital of $836.2 million, or 5.8 per cent of the total. Professional activities and science and technology ranked third, with $622.3 million, or 4.3 per cent.

The investment came from 65 countries and territories, led by South Korea, with total new and additional capital of $5.58 billion, or 33.4 per cent of the total. Singapore followed, with total capital of $1.84 billion, or 11.2 per cent, then Japan, with $1.7 billion, or 10.3 per cent.

Fifty-four cities and provinces received investment. Hai Phong attracted the most, with 37 new projects and 28 projects adjusting their capital, totaling $2.74 billion, or 16.7 per cent.

Hanoi was second with new and additional capital of $1.97 billion, or 12 per cent, followed by Dong Nai and Binh Duong provinces with total new and additional capital of $1.89 billion and $1.49 billion.

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