FDI Reached a Record of Nearly $ 25.5 Billion Invested in Vietnam

FDI Reached a Record of Nearly $ 25.5 Billion Invested in Vietnam

Data from the Foreign Investment Agency showed that from the beginning of the year to the end of September 20, foreign direct investment (FDI) in Vietnam reached a record level of US$ 25.48 billion, an increase of up to 34.3% compared to the same period in 2016.

Namely, until September 20, the whole country has 1,844 new projects granted investment certificates with a total registered capital of US$ 14.56 billion, a 30.4% increase; There are 878 projects registering to adjust investment capital with the total additional registered capital of US$ 6.75 billion, up 28.3% and 3,742 times of joining capital, contributed capital, purchasing shares of foreign investors with total capital contribution value is US$ 4.16 billion, up 64% over the same period in 2016.

The Foreign Investment Agency reported that FDI projects is estimated to disburse US$ 12.5 billion by the end of September, up 13.4 percent compared to the same period last year.

Statistics also recorded that in the first nine months of 2017, foreign investors invested in 18 industries, of which processing industry and manufacturing attracted much more attention with total capital of US$ 12.64 billion, accounting for 49.6% of the total registered capital.

Electricity production and distribution sectors ranked second with total investment capital of US$ 5.37 billion, accounting for 21%. The third position was wholesale and retail sectors with total registered capital of US$ 1.58 billion, about 6.2%.

In the same nine months, 108 countries and territories have investment project in Vietnam. South Korea ranks first with a total investment of US$ 6.31 billion, accounting for 24.7% of total invested capital. Followed by Japan with US$ 5.91 billion, accounting for 23.17%; Singapore ranked third with US$ 4.14 billion, accounting for 16.2%.

Ho Chi Minh City is currently the place attracting the most FDI with a total registered capital of US$ 3.74 billion. The second is Thanh Hoa province with US$ 3.15 billion. Bac Ninh province ranked third with US$ 3.14 billion.

Source: Tri Thuc Tre - By Tony Tuyen

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