Inbound FDI into Vietnam sets a new record of US$33 billion in the first eleven months
By Trung Ngoc
November 27, 2017 | 04:08 PM GMT+7
Vietnam attracted US$33.09 billion in registered foreign direct investment (FDI) during the first eleven months of the year, an 82.8 per cent increase over the corresponding period last year.
Processing and manufacturing industry took the biggest share of FDI flowsThe data was reported by the Foreign Investment Agency under the Ministry of Planning and Investment.
As of November 20, 2017, there were 2,293 investment projects licensed with a total registered capital of US$19.8 billion, a 52 per cent increase over the same period last year.
A total number of 1,100 projects increased their capital by approximately US$8 billion, up 57.6 per cent year-on-year and 4,535 ones contributed and purchased shares worth US$5.29 billion, a year-on-year increase of 57.6 per cent.
FDI disbursement also increased sharply with US$16 billion, up 11.9 per cent over the same period in 2016.
Ho Chi Minh City led in FDI attraction with US$5.68 billion, followed by Bac Ninh with US$3.28 billion and Thanh Hoa with US$3.16 billion
Processing and manufacturing industry took the biggest share of FDI flows with US$8.06 billion, accounting for 71.4 per cent of total registered FDI flows.
Electricity production and distribution ranked the second among 19 sectors with 25.3 percent out of total investment capital, followed by real estate with 7.6 per cent.
Japan topped 112 countries and territories investing in Vietnam with US$8.94 billion, accounting for 27 per cent out of total FDI capital. The Republic of Korea and Singapore ranked the second and third with US$8.18 billion, and US$4.69 billion, respectively.
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