Vietnam attracted 8 billion USD in foreign direct investment (FDI)
during the first seven months of this year, down by 67 percent
year-on-year, according to the Foreign Investment Agency's latest
A total of 584 new foreign-invested projects,
worth 5.2 billion USD, were granted licences during the period, about
56 percent of the number at the same time last year.
However, capital added to existing projects surged. More than 230
projects registered to increase their capital by a total of 2.83 billion
USD, a yearly increase of 5.2 percent.
January-July, FDI disbursement almost equalled that for the same period
last year, reached 6.25 billion USD or 99.2 percent of last year's
Of the 49 countries and territories supplying FDI
to Vietnam , Japan remained the largest source of foreign
investment. Japanese investors registered to invest 4.29 billion USD,
making up 53.4 percent of total FDI.
surprisingly came second, pumping in 890 million USD or 11 percent of
total FDI. It was followed by the Republic of Korea with more than
600 million USD and Hong Kong with 492 million USD.
processing and manufacturing industry took lead in term of investment
capital, gobbling 5.5 billion USD or 68.5 percent of total national FDI.
Southern Binh Duong province's 1.2 billion USD Tokyu
Binh Duong urban area, the largest in seven months, lifted real-estate
to second position at 1.61 billion USD.
The retail trade and repair sector attracted the third largest FDI amount at 314 million USD.
In January-July, the southern provinces of Binh Duong and Dong Nai, the
northern port city of Hai Phong, northern Bac Giang province and the
economic hubs of HCM City and Hanoi remained the most attractive
locations for foreign investors.-VNA