Actual FDI in Vietnam Grows 11.8% to $14.2 Billion in Jan-Oct

Tuan Minh

18:03 27/10/2017

BizLIVE - Actual FDI this year could surpass last year's record of $15.8 billion.

Actual FDI in Vietnam Grows 11.8% to $14.2 Billion in Jan-Oct

FDI inflows to Vietnam are on the increase.

Disbursement of foreign direct investment (FDI) in Vietnam increased 11.8% year-on-year to $14.2 billion in the ten months through October, indicating that the Southeast Asian country remains a magnet for overseas capital.
Foreign investors committed to plough $28.24 billion into Vietnam in the ten-month period, rising 37.4% from the same period last year, statistics of the Ministry of Planning and Investment show.
Of the amount, they received approval to put $16.3 billion in fresh projects and another $7.27 billion in existing projects. In addition, they spent $4.67 billion on acquiring stakes in Vietnamese companies.
Manufacturing and processing was the most attractive sector when receiving $13.75 billion, followed by the electricity sector with $5.63 billion, and the real estate industry with $2.04 billion.
Among the 112 countries and territories investing in Vietnam between January and October, South Korea still took the lead with $7.62 billion. The runners-up were Japan with $6.07 billion and Singapore with $4.59 billion.
In 2016, FDI inflows to Vietnam hit a record high of $15.8 billion, up 9% from 2015, according to the ministry’s data.
Deputy Investment Minister Dang Huy Dong told Bloomberg in early August that actual FDI in Vietnam could reach a fresh record of $16 billion this year while commitments could hit $28 billion.

TUAN MINH

Từ khóa: FDI, Vietnam

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