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

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.

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.
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.

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.