09:14 | 02/12/2015 Investment
Disbursement of foreign direct investment (FDI) in Vietnam reached an estimated 13.2 billion USD from the beginning of 2015 until November 20, up 17.9 percent against 2014.
Workers operate the tire production chain in Korean-invested Kumho Tire Vietnam Limited Company in Dong Nai Province (Source: VNA/VNS)
Data from the General Statistics Office (GSO) showed that the country attracted 20.22 billion USD worth of FDI during the reviewed period, a year-on-year rise of 16.7 percent. Of the sum, 1.855 new foreign-invested projects contributed 13.55 billion USD while the remainder was from 692 operating projects which raised their capital.
During the reviewed period, the manufacturing and processing sector lured the largest share of FDI with 12.93 billion USD or 64 percent of the nation's FDI. The production and distribution of electricity, gas, hot water, steam and air conditioners came second with 2.78 billion USD or 13.7 percent, while real estate trading ranked third with 2.33 billion USD or 11.5 percent.
HCM City remained the most attractive destination to foreign investors as it absorbed more than 2.54 billion USD, making up 18.8 percent of total FDI registered in the country. It was followed by Tra Vinh province with 2.52 billion USD or 18.6 percent, Dong Nai province with 1.46 billion USD or 10.8 percent, Binh Duong province with 1.18 billion USD or 8.8 percent, and the capital city with 813 million USD or 6 percent.
From January to November 20, the Republic of Korea was Vietnam's largest source of FDI with more than 2.5 billion USD, accounting for 18.6 percent of the country's total new FDI, followed by Malaysia with over 2.4 billion USD, the United Kingdom with 1.3 billion USD, and Japan with 1.26 billion USD, apart from Taiwan (China) with 911 million USD./.