Hai Phong Leads in Attracting FDI in H1

9:55:22 AM | 29/6/2016

The northern city of Hai Phong took the lead in attracting Foreign Direct Investment (FDI) with 22 newly-registered projects and 17 existing one with additional capital in the first half of the year.

The city's total newly-registered and additional capital in the reviewed period hit US$1.742 billion, accounting for 15.4 per cent of the total amount, according to the Foreign Investment Agency, under the Ministry of Planning and Investment.

As of June 20, up to 1,145 projects were granted with investment certificates nationwide, worth US$7.497 billion, a year-on-year increase of 95.3 per cent. Meanwhile, 535 projects were added the total capital of US$3.787 billion.

In the first half of the year, the total FDI disbursement obtained US$7.25 billion, up 15.1 per cent.

The manufacturing and processing industry took the lead with 488 newly-registered projects and 405 added capital, valued at US$8.06 billion, accounting for 71.4 per cent of the total.

The real estate and science and technology sectors came in second and third with US$604.8 million and US$562.3 million, making up 5.3 per cent and 4.9 per cent, respectively.

The Republic of Korea was the biggest investor with a total newly-registered and additional capital of US$3.99 billion, accounting for 35.37 per cent of the total. It was followed by Japan with US$1.229 billion and Singapore with US$1.129 billion.

Top cities and provinces attracting huge FDI in the first six months included Hai Phong City (US$1.742 billion), Ha Noi (US$1.63 billion) and the southern provinces of Binh Duong and Dong Nai with US$1.07 billion and US$928.9 million, respectively.