Vietnam sees marked increase in ten-month FDI inflow

Monday, 2013-10-28 12:29:39
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Motorcycle production at a FDI business
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Nhan Dan - Vietnam has granted licenses to 1,050 new foreign direct investment (FDI) projects in the first ten months of the year with total registered capital of US$13.1 billion, a 79% year-on-year increase.

The Ministry of Planning and Investment has announced these most recent statistics, adding that 393 ongoing projects have expanded investment by US$6.1 billion, up over 42% over the same period last year.

In total, newly-registered and additional FDI capital in the ten-month period amounted to US$19.2 billion, a year-on-year increase of 65.5%.

Of the total figure, US$14.9 billion went to the processing and manufacturing industry, accounting for 77.6% of the total investment capital. The production and distribution of electricity, gas, water and heating and cooling received US$2 billion (10.6%). US$2.3 billion (11.8%) went to other industries.

During the ten-month period, Thai Nguyen and Binh Thuan provinces garnered the most newly-registered capital, with US$3.4 billion and US$2 billion, respectively.

The Republic of Korea (RoK) was the top investor among 48 countries and territories with newly licensed FDI projects in Vietnam. The RoK committed over US$3.5 billion to new projects, followed by Singapore with US$2.7 billion and China with US$2.2 billion.