FDI disbursements hit US$16.5 billion in 11 months

Disbursements of foreign direct investment (FDI) reached US$16.5 billion in the first 11 months of the year, up 3.1% compared with the same period of 2017, according to the General Statistics Office.

The manufacturing sector remained the largest recipient of FDI.
The manufacturing sector remained the largest recipient of FDI.

Data as of November 20, showed newly registered FDI capital hit nearly US$15.8 billion, down 20.3% year on year.

With US$7.4 billion in additional funding to existing projects, total FDI pledges in the January-November period were estimated at US$23.2 billion.

The manufacturing sector remained the largest recipient of FDI, accounting for more than 47.1% of total commitments, followed by property trading at 33% and other sectors at 19.9%.

A breakdown of capital sources shows that Japan was the largest investor with approximately US$6.1 billion while the Republic of Korea and Singapore came second and third with US$3.4 billion and US$1.1 billion, respectively.

In the meantime, Hanoi was the largest recipient of FDI with more than US$5 billion. Pledges of US$1.8 billion to Ba Ria-Vung Tau earned the province the second position while Binh Duong province was placed third with US$953 million.

Conversely, Vietnam invested a total of US$357 million in overseas projects in the first 11 months of the year, mainly in finance-banking, agriculture and manufacturing.

Laos was the largest recipient of Vietnamese capital with US$97.6 million, followed by Australia and Slovakia.