FDI attraction hits over USD23 billion in 10 months

Photo for illustration. (Source: baodautu.vn)

As many as 2,100 new projects were granted investment licenses, down 32.1% in volume and 9.1% in value year-on-year.

More than 900 ongoing projects registered additional capital of USD 5.71 billion, a year-on-year rise of 4.4%.

The increase is due to the USD1.38 billion added to a petrochemical complex of a Thai investor in the southern province of Ba Ria-Vung Tau, while the west of West Lake project, a mega urban area project in Hanoi invested by the Republic of Korea (RoK), increased investment by USD774 million.

In the 10 months, foreign investors have poured 6.11 billion USD into capital contributions and share purchases, a year-on-year decrease of 43.5%.

The ministry’s Foreign Investment Agency said that implemented capital reached an estimated USD15.8 billion, 97% of the same period last year.

Processing and manufacturing attracted the most FDI capital with USD10.7 billion, representing 45.7% of committed FDI. It was followed by power production and distribution, with over USD4.8 billion (20.5% of the total) and real estate and wholesale with USD3.5 billion and USD 1.4 billion, respectively.

Among the 109 countries and territories investing in the country, Singapore is the largest, with USD7.51 billion, followed by the Republic of Korea (RoK) with USD3.42 billion, and China with USD2.17 billion./.


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