Vietnam lures USD16.4 billion of FDI capital from start of year

As of September 20th, Vietnam saw 1,820 new FDI projects licensed with a total capital of USD11.16 billion, a year-on-year rise of 1.1% and also had 851 ongoing projects increase their capital by nearly USD5.3 billion, down 13.9%, reported the Ministry of Planning and Investment’s Foreign Investment Agency.

Photo for illustration. (Source: cafef.vn)

With these, total newly-registered and added capital was some USD16.4 billion, a 4.2% decrease against the same period last year

Meanwhile, FDI projects disbursed nearly USD11.02 billion, a year-on-year increase of 12.4%

Foreign investors poured their capital into 19 sectors, in which manufacturing and processing attracted the most capital with 767 newly-licensed projects and 608 existing projects registering for additional capital, worth USD12.15 billion, accounting for 73.9% of the country’s total investment capital in the nine months.

It was followed by real estate with 34 projects, valued at USD1 billion (6.1%) and science and technology at USD649 million (3.9%).

The Republic of Korea topped the 65 countries and territories investing in the country with the total of both newly-licensed and added capital being USD5.58 billion, making up 34% of the total.

Singapore ranked second with USD1.84 billion (11.2%), and Japan followed it with USD1.7 billion (10.3%)./.

( Compiled by VNF )