FDI capital attraction hits USD18 billion in 11 months

Vietnam has lured USD18.103 billion of newly-registered and added FDI capital so far this year, reaching 89.5% of the year’s target, according to statistics of the Ministry of Planning and Investment.

The processing and manufacturing continued to attract the biggest FDI capital in the 11 months

The capital was mainly poured into processing and manufacturing industry with 907 newly-licensed projects, valued at USD13.41 billion, making up 74% of the total.

It was followed by real estate with 49 newly-licensed projects, worth USD740.93 million (4.1%) and the field of professional activities and science technology at USD684.84 million (3.8%).

In the 11 months, 68 countries and territories invested in Vietnam, with the Republic of Korea topping the list with USD5.29 billion, accounting for 20% of the total. Singapore and Japan ranked second and third, with USD2.05 billion (11.3%) and USD1.95 billion (11.3%), respectively.

Among 54 localities attracting FDI capital in the 11 months, Hai Phong took the lead at USD2.74 billion, making up 15.2% of the total, followed by Binh Duong at USD1.93 billion (10.7%) and Dong Nai at USD1.87 billion (10.3%).

Exports and imports of the FDI sector from the beginning of the year saw growth compared to the same period last year. Exports (including crude oil) reached over USD114.076 billion, up 8.6% to reach 71.5% of the total, while import turnover was USD92.831 billion, up 3.6% to reach 59.2% of the total. On the whole, the sector bagged a trade surplus of USD21.245 billion./.

( Compiled by VNF )