Vietnam’s Jan-Sep FDI Attraction Rises 34% to $25.5 Billion, Beating 2016 Tally

Tuan Minh

23:35 30/09/2017

BizLIVE - Foreign investment inflows in Vietnam in the first nine months of this year already surpassed the amount for the whole 2016.

Vietnam’s Jan-Sep FDI Attraction Rises 34% to $25.5 Billion, Beating 2016 Tally

Foreign investors registered to invest $24.4 billion in Vietnam in Jan-Sep.

Committed foreign direct investment (FDI) in Vietnam reached $25.5 billion between January and September, up 34.3% from a year earlier and higher than a total of $24.4 billion in the whole 2016, according to statistics of the Foreign Investment Agency under the Ministry of Planning and Investment.
Of the sum, fresh FDI approvals increased 30.4% year-on-year to $14.6 billion while investors of 878 projects added $6.8 billion, up 28.3%.
In addition, overseas players spent $4.2 billion to contribute capital and/or acquire stakes in companies in Vietnam, the agency said.
Manufacturing was the most attractive sector when luring $12.64 billion, accounting for 49.6% of total foreign investment inflows. Electricity came second with $5.37 billion, thanks to large-scale thermal power projects.
Among 108 countries and territories investing in Vietnam in the nine-month period, South Korea ranked first with $6.31 billion invested, making up 24.7% of the total investment. Japan and Singapore were the runners-up with $5.91 billion and $4.14 billion, respectively.
Ho Chi Minh City has emerged as the top destination for foreign investment when attracting $3.74 billion, followed by Thanh Hoa with $3.15 billion.  
The agency noted that actual FDI in the country increased 13.4% in the first nine months of this year to $12.5 billion.

TUAN MINH

Từ khóa: FDI, Ho Chi Minh City

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