Vietnam’s FDI reaches $33 billion until November

The value of foreign direct investment (FDI) capital in Vietnam reached US$33.09 billion in the first 11 months of this year, a year-on-year increase of 82.8 percent.

The FDI value mainly came from new projects, additional investment capital and buying stake, the Ministry of Planning and Investment’s Foreign Investment Agency reported. Specifically, the ministry licensed 2,293 new projects worth $19.8 billion, up 52 per cent compared with the same period last year.

Some 1,100 available projects raised investment capital with total value of $8 billion, posting a year-on-year increase of 57.6 per cent. Foreign investors also contributed capital or bought stake with total value of $5.29 billion, up 57.6 per cent.

The Foreign Investment Agency estimated foreign direct investment projects disbursed $16 billion, up 11.9 per cent over the same period in 2016.

During the period, the processing and manufacturing sectors received the highest capital with $14.95 billion, equivalent to 45.2 per cent of the total. It was followed by electricity production and distribution and real estate business, with total values of $8.37 billion and $2.5 billion, respectively.

Of a total 112 countries and territories investing in Vietnam, Japan led with total investment capital of $8.94 billion, 27 per cent of the total, followed by the Republic of Korea and Singapore with total registered capital of $8.18 billion and $4.69 billion, accounting for 24.7 per cent and 14.2 per cent of total investment, respectively.

Of the 59 provinces and cities where foreign investors have put in capital, HCM City has attracted the most foreign investment capital, with total registered capital of $5.68 billion, accounting for 17.2 per cent of the total investment capital. Bắc Ninh Province ranked second with total registered capital of $3.28 billion, 9.9 per cent of the total. Thanh Hóa Province ranked third with total registered capital of $3.16 billion, equivalent to 9.5 per cent of total investment.

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