Nine-month FDI soar spurred by large-scale projects
Newly-licensed large-scale projects spurred nine-month foreign direct investment (FDI) registered in Vietnam to soar 53.4 percent year-on-year to 17.15 billion USD in the first nine months.
Construction of LG plant in Trang Due industrial park, Hai Phong city. (Photo: VNA)Newly-licensed large-scale projects spurred nine-month foreign direct investment (FDI) registered in Vietnam to soar 53.4 percent year-on-year to 17.15 billion USD in the first nine months, the Ministry of Planning and Investment revealed during a meeting on September 26.
The large-scale projects receiving licences in the reviewed period included Malaysia-invested Duyen Hai 2 thermo-electricity in southern Tra Vinh province capitalised at 2.4 billion USD and the 3 billion USD-expansion of Korean Samsung Display's project in Bac Ninh Industrial Zone.
According to the ministry, as of September 20, the country granted investment licences to 1,432 new foreign-invested projects worth 11.03 billion USD, up 44.5 percent over the same period last year. Meanwhile, it also allowed 461 operating projects to raise their capital by 6.11 billion USD, surging 72.6 percent year-on-year.
During the period, the disbursement of FDI also witnessed a yearly encouraging rise of 8.4 percent to 9.65 billion USD.
In the period, foreign investors invested in 49 provinces and cities, with the Republic of Korea remaining the investment leader, followed by the UK, British Virgin Islands, and Hong Kong (China).
Manufacturing and processing retained their most attractiveness, and real estate came in second.
Earlier, Minister of Planning and Investment Bui Quang Vinh said Vietnam has set a goal of luring 23 billion USD in FDI this year with FDI disbursement expected to hit approximate 12.5 billion USD.-VNA
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