FDI disbursed up to US$12.5 billion in the first nine months of 2017
By Dung Le
September 27, 2017 | 04:23 PM GMT+7
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.
Samsung Display project in Bac Ninh province is a key foreign investor in Vietnam - Photo: Vietnamnet
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%.
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