Vietnam attracts additional US$28.85 billion in FDI

Vietnam attracted an additional US$28.85 billion in foreign direct investment (FDI) during the 11-month period, representing an increase of 14.8% against the same period from last year, according to figures released by the Foreign Investment Agency under the Ministry of Planning and Investment.

Throughout the reviewed period, there were 2,865 newly-registered projects which had a combined capital exceeding US$16.41 billion.

In line with this, more than US$6.47 billion was added to 1,152 existing projects, while the value of capital contribution and share purchase deals reached US$5.97 billion.

Furthermore, the disbursement of FDI projects was estimated at about US$20.25 billion, up 2.9% against the same period from last year.

Foreign investors chose to pour their capital into 18 out of 21 economic sectors in the nation, of which the processing and manufacturing industry took the lead with more than US$20.97 billion, duly accounting for nearly 72.71% of total registered investment capital and representing an increase of 40.2% on-year.

Foreign financers injected their money into 56 provinces and cities nationwide, of which Quang Ninh topped the list with nearly US$3.11 billion, accounting for nearly 10.8% of total registered investment capital.

Elsewhere, Ho Chi Minh City ranked second with more than US$3.08 billion, accounting for 10.7% of the country’s total investment capital. This was followed by Hai Phong, Bac Giang, and Hanoi, with FDI capital reaching US$2.8 billion, US$2.7 billion, and US$2.6 billion, respectively.

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