FDI attraction hits over US$16 bln in nine months
Vietnam attracted US$16.43 billion in foreign direct investment (FDI) as of September 20, equivalent to 95.8% of the amount reported in the same period last year, according to the Foreign Investment Agency (FIA).
Of the total, US$11.17 billion came from 1,820 new projects, and the remaining US$5.26 billion from investment added to 851 existing projects.
In the period, FDI disbursement surged 12.4% year on year to an estimated US$11.02 billion, the agency said.
Foreign investors poured money into 19 sectors, with manufacturing and processing industries topping the lead with US$12.15 billion, accounting for 73.9% of the total registered FDI.
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It was followed by the real estate and sci-tech sectors, with US$1 billion and US$649 million, or 6.1% and 3.9% of the total FDI, respectively.
As many as 65 countries and territories invested in Vietnam in the reviewed period.
The Republic of Korea (RoK) remained the leading investor, with US$5.58 billion, making up 34% of the FDI poured into the country. Singapore was the runner-up, with US$1.84 billion, or 11.2%. Japan ranked third with US$1.7 billion, or 10.3%.
Haiphong and Hanoi cities in the north and the southern provinces of Dong Nai and Binh Duong were the most attractive destinations for foreign investors, respectively luring US$2.74 billion, US$1.97 billion, US$1.89 billion and US$1.49 billion.
Major projects in the period included a US$1.5-billion OLED display factory project and a LG Innotek plant worth US$550 million invested by RoK firms LG Display and LG Innotek Co., Ltd in Hai Phong, Amata city complex worth US$309.3 million by Thai investors in Dong Nai, and a US$300-million mobile research and development centre project by Samsung Electronics Vietnam Co., Ltd in Hanoi.
