From the beginning of 2017 to September 20, US$12.5 billion of foreign direct investment (FDI) projects was disbursed. This amount increases by 13.4% over the same period in 2016.
According to a report made by the Foreign Investment Agency, in the first nine months of 2017, the total registered capital of foreign investors was US$25.48 billion.
Over the same period of 2016, there are 1,844 newly licensed projects with total registered capital of US$14.56 billion growing 30.4%.
Ho Chi Minh City, Thanh Hoa and Bac Ninh are the provinces attracting the most FDI.
Thanh Hoa province emerged with the construction of Nghi Son 2 thermal power plant which has total investment capital of US$2.793 billion. In Bac Ninh, the SamSung Display project was adjusted to increase capital of US$2.5 billion.
Accumulated to September 2017, foreign investment has been available in all 63 provinces and cities of which Ho Chi Minh City leads with US$42.4 billion (accounting for 13.6% of total investment capital).
Binh Duong ranked second with US$29.2 billion (9.4% of total investment) while Hanoi ranked third with US$27.1 billion (8.7% of total investment) and Ba Ria - Vung Tau ranked fourth with US$26.8 billion (8.6% of total investment).
Among 18 sectors attracting foreign investors, the processing and manufacturing industry ranked first with total capital of US$12.64 billion, accounting for 49.6% of the total registered investment.
Power production and distribution ranked second with total investment capital of US$5.37 billion, accounting for 21%. Third rank was wholesale and retail sector with total registered capital of US$1.58 billion, accounting for 6.2% of the total registered capital.
In the term of investment partners, there are 108 countries and territories having investment projects in Vietnam. South Korea ranked first with total investment of US$6.31 billion, accounting for 24.7% while Japan ranked second with US$ 5.91 billion-investmet capital, accounting for 23.17%. Singapore ranks third with total registered capital of $4.14 billion, accounting for 16.2%.
Tags:
Tags:
LG Innotek Vietnam Hai Phong secured a $200 million IFC loan as revenue slows, aiming to expand camera module production while meeting sustainability targets.
For Koen Soenens, Sales and Marketing Director at DEEP C, empathy is a compass that guides major deals, the way a leader builds a team, and the ambition to create a sustainable industrial zone that carries a Vietnamese identity.
Taseco Land has shifted its listing to HOSE and introduced a new upward-pointing arrow logo - a visual statement of its strategy to raise capital, expand its land bank, and strengthen its standing in Vietnam’s real estate sector
Located in the heart of Ho Chi Minh City, SAP Labs Vietnam is the second SAP Labs Network hub in Southeast Asia, following Singapore and is one of 20 countries that have SAP Labs globally.
Solar & Storage Live Vietnam event has been running since 2017 and the 2025 edition will be the biggest yet.
A new partnership between EY and the Vietnam-Singapore Board Forum (VSBF) is set to strengthen ESG capabilities for Vietnamese businesses, helping shape more sustainable business models.
