Foreign Investors Disburse $9.8 Billion in Vietnam Projects

Tuan Minh

13:15 24/08/2016

BizLIVE - Actual FDI increased 8.9% year-on-year to $9.8 billion in Vietnam in the first eight months of this year.

Foreign Investors Disburse $9.8 Billion in Vietnam Projects

Amata has won a license to carry out a township project in Dong Nai province. Photo: Internet

Foreign investors have disbursed up to $9.8 billion in their projects in Vietnam since the start of this year, representing an 8.9% increase from the comparable period of 2015, data of the Foreign Investment Authority (FIA) under the Ministry of Planning and Investment showed.
Fresh foreign direct investment (FDI) approvals increased 24.3% year-on-year to $9.8 billion in the eight-month period while 770 operational projects had their capital added by $4.57 billion, down 16.3%.
Manufacturing and processing has remained the most invested sector, with $10.53 billion in FDI pledges.
South Korea continues to be the biggest investor when pouring $4.8 billion in the country.
Home to the $1.5 billion project by LG Display licensed in April, Hai Phong takes the lead among the most invested localities in the country.
Among the biggest projects, Amata VN Plc. was granted a license to carry out a $309-million township project in the southern province of Dong Nai. South Korea’s Seoul Semiconductor Vina has recently received a license for a $300-million LED plant in Ha Nam province.

TUAN MINH