VN absorbs US$ 23 billion of FDI in Jan-Aug

VGP – Total amount of FDI attracted in the first eight months of 2017 touched US$ 23.36 billion, representing a year-on-year surge of 45.1%, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment (MPI).

August 28, 2017 2:00 PM GMT+7

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As of August 20, disbursement of FDI projects was estimated at US$ 10.3 billion, up 5.1% against the same period last year.

Up to 1,624 FDI projects acquired business licenses worth US$ 13.45 billion, up 37.4% against the same period last year. About 773 projects got additional capital of US$ 6.4 billion, representing a year-on-year surge of 40.2%. Foreign investors poured US$ 3.5 billion to buy shares from Vietnamese companies, representing a year-on-year growth of 101.3%.

Foreign investors engaged in 18 fields of investment, of which the processing and manufacturing sector was the most attractive, absorbing US$ 11.69 billion, half of total registered capital. Electricity production and distribution ranked second with US$ 5.36 billion, accounting for 22.9% of total investment. The mining industry followed with US$ 1.28 billion, making up 5.5% of total registered capital.

Of 98 countries and territories doing business in Viet Nam, the Republic of Korea (RoK) was the biggest investor by pouring US$ 6.02 billion and accounting for 25.7% of total investment; followed by Japan with US$ 5.74 billion (24.58%); Singapore with US$ 3.92 billion (16.8%).

Of 58 FDI recipient localities, HCMC absorbed the biggest amount of capital with US$ 3.3 billion (or 14.1% of total investment); followed by Thanh Hoa with US$ 3.06 billion (or 13.1%); and Bac Ninh with US$ 3.05 billion (or 13%)./.

By Khanh Phuong