Millions of Dollars are Poured into the Processing Industry in Vietnam

Millions of Dollars are Poured into the Processing Industry in Vietnam

According to the Foreign Investment Agency (MPI), foreign investors have invested in 18 industries, including processing and manufacturing with a total capital of US $ 11.69 billion, accounting for 50% total registered capital.

On August 28th, the Foreign Investment Agency (Ministry of Planning and Investment) said that in the first eight months of 2017, foreign direct investment (FDI) disbursed reached $ 10.3 billion, accounting for 44% of the total registered capital.

Accordingly, the total registered FDI capital to new grant, increase and contribute capital, purchase shares is US $ 23.36 billion, increased 45.1% over the same period in 2016. Nationwide, there were 1,624 new projects have been guaranteed investment certificates, increased 37.4% over the same period in 2016. There were 773 projects registered to adjust investment capital with the total registered capital increased by 6.4 billion and 3,374 capital contribution and share purchase of foreign investors.

According to the investment field, foreign investors have invested in 18 industries, of which processing and manufacturing sector is the most attracted with the total capital of 11.69 billion USD, accounting for 50% of total registered capital. Power production and distribution sector ranked second with a total investment of $ 5.36 billion. Third is mining sector with a total registered investment of $ 1.28 billion, accounting for 5.5% of the total registered capital.

According to investment partners, there are 98 countries and territories with investment projects in Vietnam, of which South Korea leads with total investment capital of 6.02 billion USD; Japan ranked second (total registered capital of 5.74 billion USD) and Singapore ranked third.

Foreign investors have invested in 58 provinces and cities, of which Ho Chi Minh City is the locality attracting the most foreign investment capital with a total registered capital of 3.3 billion USD, accounting for 14.1% total investment. Thanh Hoa ranked second with a total registered capital of 3.06 billion USD. Bac Ninh ranked third with a total registered capital of $ 3.05 billion.

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