FDI in Vietnam reachs 19 billion USD in the first 10 months
According to the General Statistics Office (GSO), as of October 20, the total foreign direct investment (FDI) poured into Vietnam in the first 10 months of this year was estimated to reach 19.3 billion USD, up 41% compared to the same period last year.
During the period, Vietnam attracted 1,657 new FDI projects with a total registered capital of more than 12.4 billion USD, increasing by respectively 26.9% and 24.8% against the same period of 2014.
667 licensed projects were registered to increase capital worth 6.9 billion USD.
Of which, some 11.8 billion USD were disbursed, up 16.3% against last year.
In January - October, the processing and manufacturing industry attracted the largest FDI with a registered capital of 12.5 billion USD, accounting for 64.7% of Vietnam's total registered FDI.
Producing and distributing of electricity, gas, hot water, steam and air conditioning reached the total capital of FDI worth 2.6 billion USD. The property sector came third with total registered capital worth 2.1 billion USD. The other industries attracted the total capital of over 2 billion USD from the FDI.
The GSO said among 47 provinces and cities nationwide have been licensed FDI projects in the past 10 months, southern Tra Vinh province had the largest FDI, attracting more than 2.5 billion USD in registered capital, accounting for 20.3% of total newly registered capital. HCM City ranked the second in attracting FDI with 2.3 billion USD, followed by Dong Nai province worth 1.2 billion USD.
At present, Malaysia was the top FDI investor in Vietnam from 59 countries and territories with an investment of 2.4 billion USD, followed by the Republic of Korea with more than 2 billion USD, the United Kingdom with 1.2 billion USD, and Japan with 1.1 billion USD.
Vietnam is expected to attract 23 billion USD registered FDI this year with disbursed capital of 12.5 billion USD.