ID :
349201
Wed, 11/26/2014 - 06:08
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11-month FDI disbursement in Vietnam increases 6.2 percent

Hanoi, November 26 (VNA) – Latest figures from Vietnam's Foreign Investment Agency showed that disbursed foreign direct investment (FDI) hit 11.2 billion USD in the first 11 months of this year, rising 6.2 percent year-on-year. According to the agency, which is under the Ministry of Planning and Investment, foreign investors poured 17.33 billion USD into Vietnam so far this year — equivalent to 83.3 percent of the investment year-on-year — in which 13.41 billion USD was invested in 1,427 new FDI projects. Meanwhile, 3.92 billion USD was added to the registered capital of more than 500 existing projects. The agency report revealed that the processing and manufacturing industry continued to be the most attractive sector for FDI, with 689 new projects, and newly registered and additional capital of 13.15 billion USD, accounting for 75.9 percent of the total FDI in the 11-month period. The property sector ranked second, with 32 new projects and newly registered and additional capital of 1.27 billion USD, or 7.3 percent of the total FDI, followed by the construction sector with 1.02 billion USD, a share of 5.9 percent. The Republic of Korea was the leader among 60 countries and territories that have invested in Vietnam in the reviewed period, with 6.82 billion USD in investments, or 39.4 percent of the country's total FDI. With an investment of 2.75 billion USD, Singapore was the second largest investor, and Japan ranked third with 1.71 billion USD. Samsung Electronics' 3-billion USD factory in Thai Nguyen, its second factory in the country, helped the northern province rise to the top of the list of FDI destinations, with a total FDI capital of 3.27 billion USD. HCM City came second with 3.01 billion USD, and Binh Duong southern province is third with 1.42 billion USD. The FDI sector's export value (including crude oil) reached more than 92.2 billion USD, representing a rise of 14.1 percent year-on-year and accounting for 67.3 percent of the country's total export turnover.-VNA

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