Last updated: Thursday, April 18, 2019


FDI Attraction Hits Over US$16 Bln in Nine Months

Posted: Thursday, September 29, 2016

Viet Nam attracted US$16.43 billion in foreign direct investment (FDI) as of September 20, equivalent to 95.8 percent of the amount reported in the same period last year, according to the Foreign Investment Agency (FIA).

Of the total, US$11.17 billion came from 1,820 new projects, and the remaining US$5.26 billion from investment added to 851 existing projects.

In the period, FDI disbursement surged 12.4 per cent year on year to an estimated US$11.02 billion, the agency said.

Foreign investors poured money into 19 sectors, with manufacturing and processing industries topping the lead with US$12.15 billion, accounting for 73.9 per cent of the total registered FDI.

It was followed by the real estate and sci-tech sectors, with 1 billion US$ and US$649 million, or 6.1 per cent and 3.9 per cent of the total FDI, respectively.

As many as 65 countries and territories invested in Viet Nam in the reviewed period.
The Republic of Korea (RoK) remained the leading investor, with US$ 5.58 billion, making up 34 per cent of the FDI poured into the country. Singapore was the runner-up, with US$1.84 billion, or 11.2 per cent. Japan ranked third with US$1.7 billion, or 10.3 per cent.

Hai Phong and Hanoi cities in the north and the southern provinces of Dong Nai and Binh Duong were the most attractive destinations for foreign investors, respectively luring US$2.74 billion, US$1.97 billion, US$1.89 billion and US$1.49 billion.

Major projects in the period included a US$1.5-billion OLED display factory project and a LG Innotek plant worth US$550 million invested by RoK firms LG Display and LG Innotek Co., Ltd in Hai Phong, Amata city complex worth US$309.3 million by Thai investors in Dong Nai, and a US$300-million mobile research and development centre project by Samsung Electronics Viet Nam Co., Ltd in Ha Noi.

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