Binh Duong ranks third in FDI attraction

Vietnam in the first half of 2016 absorbed US$11.284billion in foreign direct investment (FDI) capital, including nearly US$7.5billion from 1,145 newly-registered projects and more than US$3.78billion from extra ones, reported the Foreign Investment Agency under the Ministry of Planning and Investment.

During the period, foreign firms invested in 19 fields with the processing and manufacturing industries leading the way with 499 newly registered projects and 405 extra-ones with US$8.06billion. Real estate trading and sci-tech industries ranked second and third with total newly registered and increased capital of US$604.8million and US$562.3million, respectively,

Regarding locations in Vietnam, foreign investors poured money into 53 provinces and cities in the first half of the year. The northern port city of Hai Phong was the most attractive destination, pulling in more than $1.74 billion from 22 new projects and 17 extra-ones, making up 15.4% of the national total.

Ha Noi ranked second with US$1.63billion, making up 14.5%, while Binh Duong and Dong Nai were third and fourth with nearly US$1.1billion and US$928.9 million, respectively.

Reported by Minh Nguyen-Translated by K.T