FDI reaches nearly $23 Billion in 2015
Foreign direct investment (FDI) registered in Viet Nam reaches US$22.76 billion.
According to the data from Ministry of Planning and Investment, Up to 2,013 projects with $15.58 billion in foreign investment were granted licences as of December 15, surging 26.8 per cent in terms of the number of projects, but plunging 0.4 per cent in terms of capital over the same period last year.
Meanwhile, 814 existing projects were also allowed to increase their capital by $7.18 billion. During the reviewed period, FDI disbursement reached an estimated $22.76 billion, surging 12.5 per cent year-on-year.
The manufacturing and processing sector attracted the lion’s share of FDI at $15.23 billion, accounting for about 67 per cent of the nation’s FDI. The production and distribution of electricity, gas, hot water and steam, and air conditioners ranked second with $2.81 billion FDI or 12.4 per cent, while real estate trading came third with $2.39 billion or 10.5 per cent.
HCM City beat 48 cities and provinces to become the most attractive destination for foreign investors. The city lured more than $2.81 billion, comprising 18 per cent of the total FDI registered in the country. It was followed by Tra Vinh Province with $2.52 billion or 16.2 per cent, Binh Duong Province with $2.46 billion or 15.8 per cent, Dong Nai Province with $1.47 billion or 9.4 per cent and Ha Noi with $910.7 million or 6 per cent.
Among 58 countries and territories that have invested in Viet Nam, South Korea is the country’s largest source of FDI with $2.68 billion, accounting for 17.2 per cent of the total new FDI, followed by Malaysia with $2.45 billion or 15.7 per cent and Japan with $1.28 billion or 8.2 per cent…