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Vietnam Today

Processing & manufacturing leads in FDI

Released at: 17:25, 29/06/2017

Processing & manufacturing leads in FDI

Illustrative image (Source:vafie.org.vn)

Sector accounts for 59 per cent of all FDI attracted as at end-June.

Processing and manufacturing had attracted more than $180 billion in total foreign direct investment (FDI) capital as at June.

Foreign investors have invested in 19 of the 21 economic sectors in the country, with processing and manufacturing securing 59 per cent.

Following is real estate, with $50.99 billion, or 16.6 per cent of the total, then electricity, water and gas with $18.83 billion, or 6.1 per cent.

As at June, 120 countries and territories had invested in Vietnam, led by South Korea with $54.5 billion, or 17.7 per cent of the total, followed by Japan with $46.19 billion, or 15 per cent, then Singapore, Taiwan, the British Virgin Islands, and Hong Kong.

Ho Chi Minh City attracted the most FDI, with $41.67 billion, or 13.6 per cent of the total. Southern Binh Duong province followed, with $28.66 billion, or 9.3 per cent, then southern Ba Ria Vung Tau province with $26.72 billion, or 8.7 per cent, and Hanoi with $26.3 billion, or 8.5 per cent.

Total registered and additional capital reached $19.22 billion in the first half of the year, up 54.8 per cent year-on-year, while $7.72 billion was disbursed, up 6.5 per cent.

There were 1,183 new projects granted investment licenses in the first half, with capital of $11.8 billion, up 57.9 per cent year-on-year, while 549 projects added $5.14 billion in capital, up 35.8 per cent.

There are now 3,272 FDI projects from ASEAN in Vietnam, with total capital of $63.49 billion. In the first half there were 127 newly-licensed projects from the region, with capital of $2.95 billion. Fifty-eight existing ASEAN projects added 587.5 million in capital.

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