HCMC takes lead in FDI attraction

VGP - Ho Chi Minh City leads the country in attraction of foreign direct investment (FDI) with total registered capital of US$5.03 billion accounting for 17.8% of the country’s total, according to the Ministry of Planning and Investment.

October 30, 2017 8:53 AM GMT+7

Accordingly, the processing and manufacturing sector attracted the largest investment from foreign investors, with a total registered FDI capital of US$12.64 billion, accounting for 49.6% of the total registered capital in the first nine months of this year.

The electricity production and distribution sector ranked second with a total registered capital of US$5.37 billion, accounting for 21% of the total registered capital.

Meanwhile, the wholesale and retail sale sector came in third with a total registered capital of US$1.58 billion, making up 6.2% of the total registered capital.

A total of 2,070 projects received investment certificates in the country with the registered capital of $16.3 billion, up 32.9% over the same period last year.

In addition, 1,001 projects registered to supplement $7.27 billion of investment amount, up 35.9% over the same period last year and 4,156 capital contributions and share purchases by foreign investors with the total value of $4.67 billion, a year on year increase of 58.8%.

So, newly registered and additional capital, capital contributions and share purchases totaled $28.24 billion during the first ten months, hiking 37.4% over a year ago.

FDI project disbursement reached $14.2 billion, raising 11.8%.

Foreign firms have invested in 19 fields. The most attractive one is manufacturing and processing with $13.75 billion, making up 48.7% of total registered capital.

The Republic of Korea remained the top foreign investor in Viet Nam, with a total investment capital of US$6.31 billion, accounting for 24.7% of the total investment capital.

Japan was the runner-up with a total investment capital of US$5.91 billion, accounting for 23.17%, while Singapore came in third with a total capital of US$4.14 billion, accounting for 16.2% of the total investment capital.

So far, 112 nations and territories have invested in Viet Nam. The Republic of Korea is the largest investor with $7.62 billion making up 27%, followed by Japan and Singapore with $6.07 billion and $4.59 billion accounting for 21.5 and 1.3% respectively.

Bac Ninh and Thanh Hoa provinces rank second and third with $3.19 billion and $3.16 billion, making up 11.3 and 11.2% respectively.

By Vien Nhu