Red River Delta lures 5,207 FDI projects
(VOV) - By December 15, 11 Red River Delta provinces had attracted 5,207 foreign direct investment (FDI) projects worth US$63 billion, accounting for 25% of the country’s total FDI capital inflows.
According to the Foreign Investment Agency under the Ministry of Planning and Investment, Hanoi topped the list with 3,013 projects worth US$23.4 billion, making up 58% of the total number of projects and 38% of total capital inflows into the region. Haiphong came second with 441 projects capitalised at US$10.9 billion.
Bac Ninh ranked third with 548 projects worth US$7.46 billion, followed by Hai Duong with 320 projects worth US$6.48 billion, and Quang Ninh, Vinh Phuc, Hung Yen, Ninh Binh, Ha Nam, Nam Dinh and Thai Binh provinces.
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The Republic of Korea took the lead with US$12.9 billion investing in 1,580 projects (accounting for 30% in number of projects and 20% in value). Coming after was Japan with 1,020 projects worth US$12.7 billion and Singapore with 229 projects worth US$9 billion.
The agency reported that the processing and manufacturing industry continued to be the most attractive sector for FDI with more than 2,400 projects worth US$32.6 billion.
The property sector ranked second with 126 projects capitalised at US$10.2 billion, followed by the construction sector with 580 projects worth US$4.2 billion.