HCM City remains magnet for FDI attraction

VGP – As of December 20 this year, Ho Chi Minh City continued to take the lead among 63 provinces and cities nationwide in attracting the foreign direct investment (FDI), with US$44 billion, accounting for 13.8% of the total.

December 23, 2017 11:08 AM GMT+7

A corner of Ho Chi Minh City

It was followed by the southern province of Binh Duong with US$30.18 billion (making up 9.5%), Dong Nai province with US$27.34 billion (accounting for 8.6%) and Ha Noi with US$272.8 billion (making up 8.5%).

The nation is the home to 24,748 valid FDI projects with the aggregate registered volume of US$318.72 billion meanwhile the disbursed value reached US$172.35 billion, accounting for 54%.

Foreign investors poured investment in 19 among 21 economic sectors, focusing on such areas as manufacturing and processing industry with US$186.1 billion (accounting for 58.4%), real estates with US$53.1 billion (making up 16.7%) and production and distribution of electricity and water gas with US$20.8 billion (accounting for 6.5%).

The Republic of Korea was the largest investor in Viet Nam among 125 countries and territories with the total registered capital of US$57.66 billion, accounting for 18.1%. Japan occupied the second position with US$49.46 billion, making up 15.5%, followed by Singapore, Taiwan, British Virgin Islands and Hong Kong.

FDI sector’s total exports (including crude oil) and imports reached US$155.24 billion and US$126.44 billion, respectively, or a year-on-year increase of 23% and 23.4%.

The sector gained the trade surplus of US$28.8 billion in this year.

By Thuy Dung