FDI attraction hits over 16 bln USD in nine months

10:53 | 28/09/2016 Economy

Vietnam attracted 16.43 billion USD in foreign direct investment (FDI) as of September 20, equivalent to 95.8 percent of the amount reported in the same period last year, according to the Foreign Investment Agency (FIA).

FDI attraction hits over 16 bln USD in nine months

A workshop of Samsung's plant in Thai Nguyen (Source: VNA)

Of the total, 11.17 billion USD came from 1,820 new projects, and the remaining 5.26 billion USD from investment added to 851 existing projects.

In the period, FDI disbursement surged 12.4 percent year on year to an estimated 11.02 billion USD, the agency said.

Foreign investors poured money into 19 sectors, with manufacturing and processing industries topping the lead with 12.15 billion USD, accounting for 73.9 percent of the total registered FDI.

It was followed by the real estate and sci-tech sectors, with 1 billion USD and 649 million USD, or 6.1 percent and 3.9 percent of the total FDI, respectively.

As many as 65 countries and territories invested in Vietnam in the reviewed period.

The Republic of Korea (RoK) remained the leading investor, with 5.58 billion USD, making up 34 percent of the FDI poured into the country. Singapore was the runner-up, with 1.84 billion USD, or 11.2 percent. Japan ranked third with 1.7 billion USD, or 10.3 percent.

Hai Phong and Hanoi cities in the north and the southern provinces of Dong Nai and Binh Duong were the most attractive destinations for foreign investors, respectively luring 2.74 billion USD, 1.97 billion USD, 1.89 billion USD and 1.49 billion USD.

Major projects in the period included a 1.5-billion-USD OLED display factory project and a LG Innotek plant worth 550 million USD invested by RoK firms LG Display and LG Innotek Co., Ltd in Hai Phong, Amata city complex worth 309.3 million USD by Thai investors in Dong Nai, and a 300-million-USD mobile research and development centre project by Samsung Electronics Vietnam Co., Ltd in Hanoi./.


Source: VNA

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