Ten-month FDI grows 37 pct to US$28 billion

10:18 | 03/11/2017 Economy

About 28.24 billion USD in foreign direct investment (FDI) was poured into Vietnam between January and October, up 37.4 percent year on year, said the Foreign Investment Agency under the Ministry of Planning and Investment.

An electronic product manufacturing line of the Republic of Korea-invested LG Electronics Vietnam - Photo: VNA

The sum included capital registered for new and existing projects and capital for buying stakes and contributing to charter capital of existing companies.

As of October 20, FDI projects had disbursed 14.2 billion USD, 11.8 percent more than in the same period last year.

With 7.62 billion USD, the Republic of Korea is the biggest among the 112 countries and territories investing in Vietnam, making up 27 percent of total FDI.

It is followed by Japan, which invested 6.07 billion USD, or 21.5 percent of total FDI, according to the Foreign Investment Agency.

Theo VNA