Thanh Hoa Province led in FDI attraction
The northern central province of Thanh Hoa took the lead in attracting foreign direct investment (FDI) in the first six months of this year with US$3.06 billion, according to the Ministry of Planning and Investment.
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Thanh Hoa was the most attractive destination to foreign investors as it received US$3.06 billion in FDI, accounting for 15.9% of the total FDI poured into 60 provinces and cities.
It was followed by the northern provinces of Bac Ninh and Nam Dinh with US$2.85 billion or 14.83% and US$2.19 billion or 11.4%, respectively.
Foreign direct investment flowed into 18 industries and sectors in which the processing and manufacturing sector attracted the biggest of US$ 9.48 billion, accounting for 49.3% of total FDI registered in the country. Electricity production and distribution ranked second with US$5.25 billion or 27%, while the mining sector came third with US$1.28 billion or 6.68%, the report said.
By June 20, FDI disbursement experienced a year-on-year increase of 6.5% to US$7.72 billion, the agency said.
There are 1,183 new foreign-invested projects with a total registered capital of US$11.83 billion which is an increase of 57.9% against the same period last year.
Japan became Vietnam’s leading investor in the first half of 2017, with FDI of US$5.08 billion, making up 26.5 percent of the total FDI. the Republic of Korea came second with investment of US$4.95 billion, or 25.8%, and Singapore came third with US$3.48 billion, or 18.1%.
