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Vietnam's FDI attraction soars in the nine-month period

11/11/2015

 The Hanoitimes - According to the recent report of the Ministry of Planning and Investment, in the first nine months of 2015, the total capital of foreign direct investment (FDI) registered in Vietnam reached 17.15 billion USD, soaring 53.4% against the same period last year.

The Foreign Investment Department under the Ministry of Planning and Investment revealed that from the beginning of this year, Vietnam attracted 17.15 billion USD of  FDI, up 53.4% ​​from the same period last year.
As of September 20, the country granted investment licences to 1,432 new foreign-invested projects worth 11.03 billion USD, up 44.5% over the same period last year. Meanwhile, it also allowed 461 operating projects to raise their capital by 6.11 billion USD, surging 72.6% year-on-year. 

During the period, the FDI disbursement was estimated to reach 9.65 billion USD, up 8.4% from the same period a year ago.
The Ministry of Planning and Investment evaluated that the newly-licensed large-scale projects in August and September spurred the FDI surge in the first nine months of 2015.
The large-scale projects receiving licences in the reviewed period included Malaysia-invested Duyen Hai 2 thermo-electricity in southern Tra Vinh province capitalised at 2.4 billion USD and the 3 billion USD-expansion of Korean Samsung Display's project in Bac Ninh Industrial Zone.
In the January - September period, foreign investors poured their capital into 49 provinces and cities, with the Republic of Korea remaining the top investors, followed by the UK, British Virgin Islands, and Hong Kong (China).
Manufacturing and processing remained their most attractiveness, and real estate came in second. 
Besides, by the end of September, the total value of the country's ODA signed reached 2.729 billion USD, equivalent to 75.5% over the same period last year.
The ODA disbursement in the period was estimated at 3.3 billion USD, or 80.5% over the same period a year ago.

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