Vietnam attracts nearly US$23 billion FDI capital in seven months

Thursday, 2018-07-26 04:29:20
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The smart city project in Hai Boi and Vinh Ngoc communes, in Hanoi's Dong Anh district is invested with US$4.13 billion by Japan's Sumitomo Corporation.
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NDO - Vietnam has attracted US$22.94 billion worth of FDI capital in the first seven months of this year, an increase of 4.6% over the same period in 2017, the Foreign Investment Agency (FIA) announced on July 25.

Of the total amount, Vietnam posted US$13.2 billion worth of newly registered capital, US$4.95 billion worth of supplemented capital and nearly US$4.79 billion worth of capital contribution and share purchases, up over 53% compared to the corresponding period last year.

During the seven-month period, US$9.85 billion has been disbursed, an annual increase of 8.8%.

Manufacturing remains the most attractive industry for foreign investors, having attracted US$9.63 billion, accounting for nearly 42% of the total registered FDI capital.
It was followed by real estate with a total registered capital of US$5.6 billion, while wholesale and retail sale came in third with a total registered capital of US$1.69 billion.

In the past seven months, 96 countries and territories have poured investment into Vietnam with Japan being the top investor, posting a total investment of US$6.88 billion, accounting for nearly 30% of total FDI capital in Vietnam. The Republic of Korea (RoK) came in second with a total registered capital of US$5.46 billion, making up 23.8% of the total investment in Vietnam.

Hanoi, Ho Chi Minh City and Ba Ria - Vung Tau attracted the largest amount of FDI capital during the period with a total registered capital of US$6.17 billion, US$4.12 billion and US$2.15 billion respectively.

In the January-July period, Vietnam has also invested in 32 countries and territories with a total registered and supplemented capital of US$279.63 million.