The total foreign direct investment (FDI) registered in the countrytopped 20.23 billion USD in 2014, according to the Ministry of Planningand Investment's Foreign Investment Agency.
The agency notedthat this figure showed a 6.5 percent decline compared with the sameperiod last year but exceeded the annual target of 17 billion USD by 19percent. Up to 1,558 new foreign-invested projects, worth a combinedtotal of 15.64 billion USD, received investment licences during thereviewed period, representing a year-on-year increase of 9.6 percent,the agency said.
In addition, some 594 operating projectsreceived approval to increase their capital by 4.58 billion USD, or theequivalent of 62.4 percent of the figures seen in the same period lastyear.
As of mid-December, FDI disbursement has seen encouraginggrowth of 7.4 percent to reach 12.35 billion USD, the agency noted inits latest report.
The manufacturing and processing sectorabsorbed the lion's share of the FDI, with 14.49 billion USD, or 71.6percent of the nation's total FDI. Estate trading came second (2.54billion USD, or 12.6 percent), while construction came third (1.05billion USD, or 5.2 percent).
Among the 60 countries andterritories investing in Vietnam, the Republic of Korea took thelead with 7.32 billion USD, making up 36.2 percent of the total FDIregistered in the country. It was followed by Hong Kong (3 billion USD,or 14.8 percent), Singapore (2.79 billion USD, or 13.8 percent) andJapan (2.05 billion USD, or 10.1 percent).
The agency said thatthe northern province of Thai Nguyen was considered the mostattractive destination by foreign investors, having received 3.35billion USD in investments, accounting for 16.6 percent of the nation'stotal FDI. The southern economic hub of Ho Chi Minh City andsouthern Dong Nai province ranked second and third, with 3.1 billion USDand 1.83 billion USD respectively.
Other ideal investmentdestinations for foreign investors included the northern province ofBac Ninh, southern Binh Duong province and the central province ofKhanh Hoa, attracting combined investment of 4.29 billion USD.
Accordingto the agency, the foreign-invested sector recorded a trade surplus of17.03 billion USD in 2014 as it had generated 101.59 billion USD fromexports–an annual increase of 15.2 percent, or equivalent to 68 percentof the country's total export turnover–while importing 84.56 billion USDworth of goods, up 13.6 percent.-VNA
The agency notedthat this figure showed a 6.5 percent decline compared with the sameperiod last year but exceeded the annual target of 17 billion USD by 19percent. Up to 1,558 new foreign-invested projects, worth a combinedtotal of 15.64 billion USD, received investment licences during thereviewed period, representing a year-on-year increase of 9.6 percent,the agency said.
In addition, some 594 operating projectsreceived approval to increase their capital by 4.58 billion USD, or theequivalent of 62.4 percent of the figures seen in the same period lastyear.
As of mid-December, FDI disbursement has seen encouraginggrowth of 7.4 percent to reach 12.35 billion USD, the agency noted inits latest report.
The manufacturing and processing sectorabsorbed the lion's share of the FDI, with 14.49 billion USD, or 71.6percent of the nation's total FDI. Estate trading came second (2.54billion USD, or 12.6 percent), while construction came third (1.05billion USD, or 5.2 percent).
Among the 60 countries andterritories investing in Vietnam, the Republic of Korea took thelead with 7.32 billion USD, making up 36.2 percent of the total FDIregistered in the country. It was followed by Hong Kong (3 billion USD,or 14.8 percent), Singapore (2.79 billion USD, or 13.8 percent) andJapan (2.05 billion USD, or 10.1 percent).
The agency said thatthe northern province of Thai Nguyen was considered the mostattractive destination by foreign investors, having received 3.35billion USD in investments, accounting for 16.6 percent of the nation'stotal FDI. The southern economic hub of Ho Chi Minh City andsouthern Dong Nai province ranked second and third, with 3.1 billion USDand 1.83 billion USD respectively.
Other ideal investmentdestinations for foreign investors included the northern province ofBac Ninh, southern Binh Duong province and the central province ofKhanh Hoa, attracting combined investment of 4.29 billion USD.
Accordingto the agency, the foreign-invested sector recorded a trade surplus of17.03 billion USD in 2014 as it had generated 101.59 billion USD fromexports–an annual increase of 15.2 percent, or equivalent to 68 percentof the country's total export turnover–while importing 84.56 billion USDworth of goods, up 13.6 percent.-VNA
