FDI disbursement on the rise
Disbursement of foreign direct investment (FDI) in the first nine months
of this year surged by 1.9 percent, hitting 8.2 billion USD, the
General Statistics Office (GSO) has announced.
Despite the disbursement increase, the first nine months still saw a slump in both new registered investment capital and the number of new projects.
Despite the disbursement increase, the first nine months still saw a slump in both new registered investment capital and the number of new projects.
Disbursement of foreign direct investment (FDI) in the first nine months
of this year surged by 1.9 percent, hitting 8.2 billion USD, the
General Statistics Office (GSO) has announced.
Despite the disbursement increase, the first nine months still saw a slump in both new registered investment capital and the number of new projects. During the period, about 675 new foreign-invested projects, worth about 8.24 billion USD, were granted licences, down 31.5 percent in terms of capital and 30 percent in quantity compared to the same period last year.
Meanwhile, 178 operating projects received approval to raise their level of capital by a combined 1.67 billion USD.
The new additions have brought the total FDI registered in the first nine months of the year to more than 9.9 billion USD, representing a year-on-year decrease of 28 percent, the GSO said.
During the period, Hong Kong remained Vietnam 's largest source of foreign investment with 2.8 billion USD, making up 34 percent of the country's new registered capital.
The processing and manufacturing sector attracted the lion's share of FDI, gobbling up 4.91 billion USD. Electricity, gas and water production and the distribution sector contributed 2.52 billion USD while the construction industry made up 689 million USD.
Drawing 2.48 billion USD, or 30 percent of the nation's total FDI, the northern province of Hai Duong proved to be the country's ideal destination for foreign investors. HCM City followed with 1.68 billion USD, southern Ba Ria-Vung Tau province with 548 million USD and the capital city with 451 million USD./.
Despite the disbursement increase, the first nine months still saw a slump in both new registered investment capital and the number of new projects. During the period, about 675 new foreign-invested projects, worth about 8.24 billion USD, were granted licences, down 31.5 percent in terms of capital and 30 percent in quantity compared to the same period last year.
Meanwhile, 178 operating projects received approval to raise their level of capital by a combined 1.67 billion USD.
The new additions have brought the total FDI registered in the first nine months of the year to more than 9.9 billion USD, representing a year-on-year decrease of 28 percent, the GSO said.
During the period, Hong Kong remained Vietnam 's largest source of foreign investment with 2.8 billion USD, making up 34 percent of the country's new registered capital.
The processing and manufacturing sector attracted the lion's share of FDI, gobbling up 4.91 billion USD. Electricity, gas and water production and the distribution sector contributed 2.52 billion USD while the construction industry made up 689 million USD.
Drawing 2.48 billion USD, or 30 percent of the nation's total FDI, the northern province of Hai Duong proved to be the country's ideal destination for foreign investors. HCM City followed with 1.68 billion USD, southern Ba Ria-Vung Tau province with 548 million USD and the capital city with 451 million USD./.
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