Illustrative image (Source: thoibaokinhdoanh.vn) Hanoi (VNA) - Disbursement of foreign direct investment (FDI) in the first nine months of this year experienced a modest increase of 6 percent to 13.25 billion USD compared to thesame period last year.
During that time, FDI commitments totaled 25.37 billion USD, almost equivalent to the same period last year, statistics from the Foreign Investment Agency (FIA)revealed.
Up to 2,182 new projects were licensed with a total registered capital of 14.1 billion USD between January and September, down 3 percent year-on-year,while 841 existing projects were given an additional 5.5 billion USD, a reductionof 18 percent compared to the same period of last year.
Meanwhile 5,275 other projects had 5.7 billion USD in capital contributed byforeign investors, surging 37 percent year-on-year.
Large-scale projects included the Japanese-invested smart city in the capital’sDong Anh District worth over 4.13 billion USD; the 1.2-billion USD polypropylenemanufacturing plant financed by Hyosung Corporation from the Republic of Korea in thesouthern province of Ba Ria - Vung Tau; the Laguna hospitality project with an additionalfund of 1.12 billion USD from Singaporean investors.
Others were the 600 million USD Lotte Mall Hanoi project that includes a hotel, apartments, offices, and tradecenter complex and the LG Innotek Hai Phong facility with additional capital of501 million US for manufacturing camera modules.
As per the data, manufacturing and processing continued to lure the lion’sshare of investment with 11.3 billion USD, accounting for nearly 45 percent ofthe nation’s total FDI. Real estate came second with 5.8 billion USD, orequivalent to 23 percent of total registered capital, followed by retail andwholesale with 2.1 billion USD or 8.3 percent.
The data also showed 104 countries and territories invested in Vietnam inthe nine-month period. Among them, Japan ranked first with 7 billion USD, makingup 28 percent of total investment. The RoK and Singapore come second andthird with 5.6 billion USD or 23 percent and 3.6 billion USD or 15 percent,respectively.
The capital remained the most attractive investment destination to foreigninvestors, with 5.8 billion USD, or 23 percent of total FDI. It was followed byHCM City with 4.2 billion USD or 17 percent and Ba Ria - Vung Tau with 2.1billion USD or 8.5 percent.
As of September 20, the country had 26,646 valid foreign-invested projectswith total registered capital of 334 billion USD, and over half of the FDI hadbeen disbursed, the agency noted.-VNA
VNA
