RoK – largest investor in VN in 11 months

VGP – The total newly-registered and additional capital from the Republic of Korea (RoK)’s businesses into Viet Nam reached US$6.82 billion over the past 11 months of 2014, according to the Foreign Investment Agency, under the Ministry of Planning and Investment.

November 24, 2014 4:02 PM GMT+7

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The Foreign Direct Investment (FDI) businesses registered to invest US$17.33 billion in Viet Nam in 11 months, equal to 83.3% of the same period last year. The total disbursed FDI was estimated at US$11.2 billion, up 6.2%.

The FDI sector earned US$92.212 billion from exports, up 14.1% and accounting for 67.3% of the total export turnover. Excluding crude oil, the sector’s export turnover attained US$85.352 billion, up 15.1%.

The sector’s import turnover stood at US$76.671 billion in 11 months, up 12.5% and making up 56.8% of the total import turnover.

As of November 20, as many as 1,427 projects were licensed with a total registered capital of US$13.41 billion, equal to 97.3% of the same period last year.

A total number of 515 projects were added with US$3.92 billion, as much as 55.7% of the same period last year.

The processing and manufacturing sector took the lead in attracting FDI with 689 new projects, followed by the real estate sector with 32 projects and construction.

The RoK is the largest investor among 60 nations and territories investing in Viet Nam, followed by Singapore, Japan and Hong Kong (China).

Among 50 cities and provinces nationwide, Thai Nguyen, Ho Chi Minh City and Binh Duong topped the list in attracting FDI.

By Thuy Dung