Inside an FDI firm in Binh Duong province (Photo: baodautu.vn)
Hanoi (VNA) – The southern province of Binh Duong attracted 1.3 billionUSD in foreign direct investment (FDI) in the first half of 2019, according tothe provincial People’s Committee.
The figure helpedraise the total capital registered of the province so far to 33.6 billion USDin 3,629 projects.
The province, a magnetfor foreign investment in the southern region, now has 29 industrial zones witha total area of over 12,700ha, of which 82.3 percent have been hired byenterprises.
Foreign investorsregistered to pour 1.73 billion USD into Vietnam in June, bringing the totalamount of FDI committed to the country in the first six months of the year to18.47 billion USD, down 9.2 percent year on year.
Among 19 fields and sectors receiving capital from foreign investors,manufacturing and processing led with 13.15 billion USD, accounting for 71percent of the nation’s total FDI. Real estate came next with 1.32 billion USD(7.2 percent) followed by retail and wholesale with 1.05 billion USD (6percent).
Hong Kong retained itsposition as Vietnam’s leading source of FDI in the six-month period with 5.3billion USD, making up 29 percent of total investment.
The Republic of Korearanked second with 2.73 billion USD (15 percent of all FDI), followed bymainland China with 2.29 billion USD (13 percent).
The capital cityremained the most attractive destination for foreign investors as it lured morethan 4.87 billion USD, equivalent to 26.4 percent of all FDI pledged in thecountry. The southern economic hub of Ho Chi Minh City came next with 3.1billion USD (17 percent) and Binh Duong claimed third position with 1.37billion USD (7.5 percent).-VNA
VNA
