FDI capital to Vietnam increases nearly 83 percent

SGGP 28/11/2017 13:44

Total foreign direct investment (FDI) capital including newly registered, additional funds and share purchase value reached US$33.09 billion in the 11 months this year, increasing 82.8 percent over the same period last year, reported Foreign Investment Agency under the Ministry of Planning and Investment.

Component production and assembly at a FDI company (Photo: SGGP)

As of November 20, 2,293 FDI projects were licensed with the total capital of $19.8 billion. In addition, there were 1,100 projects supplementing $8 billion investment capital and 4,535 share purchases by foreign investors with the total value of $5.29 billion.

HCMC attracted most with $5.68 billion accounting for 17.2 percent of the registered capital to the country, followed by Bac Ninh province with $3.28 billion accounting for 9.9 percent and Thanh Hoa with $3.16 billion making up 9.5 percent.

There are 112 nations and territories investing in Vietnam. Japan is the largest investor with $8.94 billion. The second and third largest are South Korea with $8.18 billion and Singapore with $4.69 billion.

Since early this year, FDI capital disbursement is estimated to reach $16 billion, up 11.9 percent over the same period in 2016.

By ANH PHUONG – Translated by Hai Mien