FDI reached over US$28 billion and Korea ranked top with US$7.62 billion in first 10 months of 2017

By Trung Ngoc - Oct 30, 2017 | 08:04 AM GMT+7

TheLEADERVietnam has attracted US$28.24 billion in foreign direct investment (FDI), a 37-per cent year-on-year increase in the first 10 months of this year, according to statistics just released by the Foreign Investment Agency, which is under the Ministry of Planning and Investment.

FDI reached over US$28 billion and Korea ranked top with US$7.62 billion in first 10 months of 2017
Korea topped 112 countries and territories investing in Vietnam. Photo: CafeLand.Vn

Accordingly, the total FDI was divided as follows; US$16.3 billion for 2,070 new projects (a year-on-year increase of 32.9 per cent), US$7.27 billion for 1001 operational projects receiving additional capital (a 35.9-per cent year-on-year increase) and US$4.67 billion into 4,156 portfolios of capital contribution and share buying (an increase of 58.8 per cent compared to the same period last year).

48.7 per cent of FDI flowed into the manufacturing and processing. Electricity production and distribution ranked the second among 19 sectors with 19 percent of total investment capital, followed by real estate with seven per cent.

The Republic of Korea topped 112 countries and territories investing in Vietnam with US$7.62 billion. Japan and Singapore ranked the second and third with US$6.07 billion, and US$5.59 billion, respectively.

In the first 10 months of this year, foreign businesses offered capital to 59 provinces and cities nationwide. Ho Chi Minh City led in FDI attraction with US$5.03 billion, followed by Bac Ninh with US$3.19 billion and Thanh Hoa with US$3.16 billion.