Vietnam attracts US$19 billion FDI
(VOV) - Foreign investors have pumped more than US$19.292 billion in 1,657 new and 667 existed FDI (foreign direct investment) projects in the first ten months of this year, a rise of 40.8% against the corresponding period last year.
Of the figure, US$11.8 billion has been disbursed, a year-on-year increase of 16.3%, the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment (MoPI) reported.
The processing and manufacturing industries drew the largest share of foreign investment with US$12.484 billion, accounting for 64.7% of the total registered capital, trailed by electric production and distribution, gas, hot water, steam, air conditioner, and real estate.
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Tra Vinh led 47 provinces and cities with the largest number of newly licensed FDI projects and a registered capital of US$2.526 billion. It was followed by HCM City, Dong Nai, Binh Duong, Hanoi, Tay Ninh, Haiphong and Quang Ninh.
Malaysia topped 59 foreign investors in Vietnam, injecting US$2.416 billion or 19.4% of the total FDI, trailed by the Republic of Korea, the UK, Japan, Taiwan (China) and Singapore.