Foreign direct investment (FDI) disbursement in Vietnam is estimated to reach US$3.7 billion in the first ten months of this year, up 18.7 per cent on-year, said the Ministry of Planning and Investment (MPI).
In April alone, US$380 million FDI was disbursed, the MPI said, giving no comparative figures. In the period, Vietnam attracted a total FDI capital of US$11.26 billion, up 36.4 per cent on-year, according to the MPI.
The country licensed 1,144 new FDI projects worth US$9.75 billion, up 33.6 per cent in project number and 59 per cent in capital value on-year. The country also allowed 300 existing projects to raise their capital by US$1.51 billion.
The industrial production sector remained the most attractive area for foreign investors, accounting for 54.6 per cent of the total FDI capital, followed by the services with 43.6 per cent and next agro-forestry-fisheries sector.
Ba Ria-Vung Tau topped among 50 local cities and provinces in attracting FDI between January and October with US$1.06 billion, pushing Ho Chi Minh City to the second position with nearly US$1 billion and Hanoi came third with US$896 million.
South Korea took the lead in the list of 50 foreign investors in Vietnam with registered capital of US$2.44 billion, followed by the British Virgin Islands (US$1.73 billion) and Singapore (US$1.37 billion).
During the ten-month phase, Japan injected the largest amount of money of US$315.35 million into its existing projects in the country. The runners-up were Taiwan (US$312.58 million), South Korea (US$239 million) and Hong Kong (US$176.7 million).
Foreign-owned firms reported total revenues of US$30.3 billion between January and October, 20.6 per cent higher than the same period of last year. Of which, their total export value - excluding crude oil – reached US$15.8 billion, up 36 per cent on-year, while their import value rose 28.5 per cent to US$17.3 billion.
The Southeast-Asian country expects to lure US$14.5 billion FDI next year, up 11.5 per cent against the set target of US$13 billion this year, according to the MPI. (Liberated Saigon, Vietnam Economic Times)
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