Vietnam attracts nearly US$35.9 billion in FDI in 2017

Saturday, 2017-12-23 18:27:07
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NDO - Statistics released by the Department of Foreign Investment, under the Ministry of Planning and Investment, revealed that Vietnam attracted nearly US$35.9 billion in foreign direct investment (FDI) in 2017.

By December 20, there were 2,591 newly licensed projects with the total registered capital reaching US$21.27 billion, a 42.3% increase compared to the same period last year. In addition, 1,188 existing projects were also granted additional capital reaching US$8.41 billion, an annual increase of 49.2%.

The processing industry and manufacturing sector continued to attract the largest FDI with registered capital worth US$15.87 billion, accounting for 44.2% of the total registered capital. Of which, there were 955 new projects and 517 projects which were granted additional capital.

Manufacturing and the distribution of electricity ranked second with over US$8.37 billion in FDI, accounting for 23.3%, followed by real estate with registered capital worth nearly US$3.05 billion, accounting for 8.5%.

Among the 115 countries and territories that have invested in Vietnam, Japan was the country’s leading FDI source with US$9.11 billion, accounting for 25.4% of the total FDI in Vietnam. It was followed by the Republic of Korea, with over US$8.49 billion, accounting for 23.7%; and Singapore at US$5.3, and 14.8%.

Among 59 localities, Ho Chi Minh City, northern Bac Ninh province, and the central province of Thah Hoa were the most attractive destinations for foreign investors.