Total foreign direct investment (FDI) into Vietnam is estimated to have reached more than US$8.3 billion since early this year, up 39.8 per cent on-year, state media reported.
Of the sum, US$7.1 billion came from 814 new FDI projects and the rest from capital expansion of 247 existing projects, according to the Ministry of Planning and Investment (MPI).
The average capital for each project was at US$8.8 million compared to the figure of US$7.01 million of the same period last year.
The industrial production sector remained the top position in attracting FDI projects between January and August, accounting for 53 per cent of the total capital, followed by the services sector with 45.2 per cent.
Ba Ria-Vung Tau continued taking the lead in FDI attraction, making up 15 per cent of the country’s combined registered capital so far this year, followed by Hanoi with 12 per cent.
Notably, Ho Chi Minh City climbed to the third position (10.8 per cent) from the fifth in the January-July phase, pushing Hau Giang province to the forth (8.8 per cent).
South Korea became the largest investor among the 40 countries and territories investing in the country with 238 projects US$1.7 billion and was followed by Singapore with 50 projects at US$1.3 billion.
British Virgin Islands, Taiwan and India came next, holding 12.1 per cent, 8.4 per cent and 7.4 per cent, respective, out of Vietnam’s total pledged capital.
Vietnam’s FDI picture is expected to be very bright in the coming time as over 50 FDI have applied to pour some US$50 billion into the country, said Phan Huu Thang, head of the Overseas Investment Department under the MPI.
These projects focusing on the areas of high-tech, thermal power, real estate development and steel industries have been submitted by big investors such as Japan’s Sumitomo Group, the US’s AES Group and the Trustee Suisse Group from Switzerland, he noted that. (Investment, VNS)
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