Vietnam is estimated to have attracted US$15.03 billion worth foreign direct investment (FDI) from between January and November this year, up around 40 per cent on-year, the Ministry of Planning and Investment (MPI) said.
More than US$13 billion came from 1,283 newly-licensed FDI projects and the remainder from capital expansion of 314 existing projects, said MPI.
South Korea remained the top position among 53 countries and territories making FDI in Vietnam during the period with US$3.68 billion. British Virgin Islands claimed to the second place with US$3.5 billion, pushing Singapore to the third with US$1.55 billion and Taiwan came forth with US$1.14 billion.
Japan ranked the fifth in terms of registered investment capital in Vietnam, topping among countries and territories investing in the country in raising capital of existing projects with US$315 million in the 11-month phase.
The heavy industry pulled in US$2.87 billion FDI between January and November. The runners-up were the construction sector with US$2.49 billion, the light industry with US$1.99 billion, petroleum sector US$1.86 billion and hotels and tourism sector US$1.35 billion.
Ho Chi Minh City was the most attractive destination for foreign investors since early the year, drawing US$1.73 billion. It was followed by Phu Yen province with US$1.7 billion, Ba Ria-Vung Tau US$1.06 and Binh Duong US$1.02 billion.
According to the MPI, Vietnam has fulfilled its whole year target of US$13 billion FDI just within 11 months. However, the ministry has not announced the FDI disbursement in the time.
In the first ten months, foreign investors disbursed US$3.7 billion in Vietnam, up 18.7 per cent on-year, the MPI said.
FDI enterprises exported US$2.74 billion worth of products in November, representing an increase of 6.1 per cent from the previous month. The number has brought the sector’s 11-month export value to nearly US$25 billion, up 18.4 per cent year-on-year and 1.7 per cent higher than the yearly target, state media said.
Since beginning this year, FDI businesses imported US$19.5 billion worth of products, a rise of over 30 per cent, the news source said. (VNA, GSO November)
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