VN attracts US$25.37 billion FDI capital in nine months
15:55 | 28/09/2018

VGP - The country has attracted US$25.37 billion worth of FDI capital in the first nine months of this year, or 99.6% of last year’s figure, according to the Ministry of Planning and Investment.

Illustration photo

During January-September, disbursement of FDI projects jumped to US$13.25 billion, representing an increase of 6% year-on-year, a report of the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment has shown.

As of September 20, a total of 2,182 new foreign-invested projects, worth US$14.1 billion, were granted licences, while 841 projects registered to increase their capital by a total of US$5.5 billion.

Meanwhile, in the nine months through September, 5,275 projects have had US$5.7 billion in capital contributed by foreign investors, up 36.8% year-on-year.

Manufacturing remains the most attractive industry for foreign investors, having attracted US$11.3 billion, accounting for 44.6% of the total registered FDI capital, followed by real estate with a total registered capital of US$5.8 billion, while wholesale and retail sales came in third with a total registered capital of US$2.1 billion.

The data shows that 104 countries and territories invested in Viet Nam in the nine-month period, with Japan taking the lead with US$7 billion, accounting for 28% of total investment. 

The Republic of Korea came second with US$5.6 billion or 22.4% of total investment, while the third place belonged to Singapore with US$3.6 billion or 14.4%.

Ho Chi Minh City and Ha Noi and Ba Ria - Vung Tau attracted the largest amount of FDI capital during the period, with a total registered capital of US$5.8 billion, US$4.2 billion and US$2.1 billion, respectively.

Additionally, Viet Nam licensed the US$600-million Lotte Mall Ha Noi project that embraces a hotel, apartment, office, and trade center complex; and the LG Innotek HaiPhong facility with additional capital of US$501 million for manufacturing camera modules.

The biggest-ticket projects in six months include the smart city project in Dong Anh district, Hanoi with total investment capital of US$4.138 billion; the US$1.2-billion polypropylene manufacturing plant by Hyosung Corporation (RoK) located at Cai Mep Industrial Zone in Ba Ria - Vung Tau; the Laguna hospitality project with additional fund of US$1.12 billion from Singaporean investors.

                                                                                                            By Vien Nhu

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