Country lures USD17.5 billion FDI capital in nine months

Total newly-registered and added FDI capital in the first nine months this year reached USD17.15 billion, a year-on-year rise of 53.4%, reported the Ministry of Planning and Investment’s Foreign Investment Agency.

Disbursed capital of FDI projects in the nine months amounted to USD9.65 billion, up 8.4% over a year earlier.

As of September 20th, the country had 1,432 newly-licensed projects with a total capital of USD11.03 billion, up over 44.5% compared to the same period last year. Meanwhile, 461 ongoing projects registered an increased capital of USD6.11 billion, a year-on-year increase of 72.6%.

Manufacturing and processing industry attracted the most FID capital in the nine months.

The sudden increase seen in foreign investment was due to the license of some big projects in August and September such as the Duyen Hai 2 power plant capitalized with USD2.4 billion in Tra Vinh province and Samsung Display Vietnam added with USD3 billion in Bac Ninh.

Foreign investors poured capital into 17 sectors and fields in Vietnam with manufacturing and processing industry luring the most capital at USD11.36 billion, accounting for 66.3% of the total. It was followed by power production and distribution with USD2.6 billion (15.3%) and real estate with USD1.81 billion.

The Republic of Korea topped 58 countries and territories investing in Vietnam with a total newly-licensed and added capital of USD5.74 billion, making up 33.5% of the total. Following it was Malaysia at USD2.4 billion (14.6%), the UK at USD1.27 billion (7.4%) and British Virgin Islands at USD1.13 billion (6.6%)./.

( Compiled by VNF )