Registered FDI capital slightly drops

Workers at Bluecom Vina Company Limited. (Source: Vietnamnet.vn)

Hanoi (VNA) – For the year to October 20, total registered of new foreign-invested projects in Vietnam dropped 1.3 percent year-on-year to 12.26 billion USD despite a 24.4 percent increase in the number of projects.

According to the General Statistics Office of Vietnam, 2,061 foreign-invested projects were licensed in the period.

Meanwhile, 967 existing projects have added more than 5.3 billion USD to their investment.

As a result, total FDI flow into the country during the first ten months of the year surpassed 17.6 billion USD, falling 8.7 percent year-on-year.

Disbursement of FDI capital in the period is estimated to be 12.7 billion USD, an increase of 7.6 percent year-on-year.

Processing and manufacturing industries have absorbed the largest amount of FDI with more than 12.8 billion USD, accounting for 72.9 percent of total FDI inflow in the 10 months.

The northern city of Hai Phong attracted the most FDI capital with 2.443 billion USD.

Among 58 countries and territories pouring investment in Vietnam in the period, the Republic of Korea is the leading investor with 4.668 billion USD.-VNA