FDI capital to Vietnam increases 7.7%

Saturday, 27/08/2016 11:04
Vietnam lured over USD1.42 billion of foreign direct investment (FDI) newly-licensed and increased capital in August 2016, bringing the figure from the start of the year to USD14.36 billion, a year-on-year rise of 7.7%, reported the Ministry of Planning and Investment’s Foreign Investment Agency (FIA).

The processing and manufacturing sector lured the biggest FDI capital in eight months

Specifically, as of August 20th, the country saw nearly 1,620 new projects licensed with a total registered capital of nearly USD9.8 billion, up 24.3% over a year earlier. 770 ongoing projects registered additional capital of USD4.57 billion, a year-on-year decrease of 16.4%.

Over the past eight months, 65 countries and territories poured investment capital into Vietnam, the Republic of Korea taking the lead with a total newly-registered and increased capital of USD4.8 billion, accounting for 33.4%. The runners-up were Singapore at nearly USD1.68 billion (11.6%), and Japan at USD1.46 billion (10.1%).

Disbursement of FDI projects showed stability with a year-on-year rise of 8.9% at about USD9.8 billion.

Foreign investors are involved in 19 sectors of the Vietnamese economy. In the eight months, the majority of them were clustered in the processing and manufacturing sector, with 678 newly-registered projects and 551 existing projects adjusting capital worth USD10.53 billion, making up 73.3% of the total FDI flow into the country.

The second most preferred sector is real estate, with 34 projects worth USD836.2 million, making up 5.8% of the total FDI volume./.

 

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