FDI disbursement up 17.9% in 11 months
Disbursement of foreign direct investment (FDI) in Vietnam reached an estimated US$13.2 billion from the beginning of 2015 until November 20, up 17.9% against 2014.
Data from the General Statistics Office (GSO) showed that the country attracted US$ 20.22 billion worth of FDI during the reviewed period, a year-on-year rise of 16.7%. Of the sum, 1.855 new foreign-invested projects contributed US$ 13.55 billion while the remainder was from 692 operating projects which raised their capital.
During the reviewed period, the manufacturing and processing sector lured the largest share of FDI with US$12.93 billion or 64% of the nation's FDI. The production and distribution of electricity, gas, hot water, steam and air conditioners came second with US$2.78 billion or 13.7%, while real estate trading ranked third with US$2.33 billion or 11.5%.
HCM City remained the most attractive destination to foreign investors as it absorbed more than US$2.54 billion, making up 18.8% of total FDI registered in the country. It was followed by Tra Vinh province with US$2.52 billion or 18.6%, Dong Nai province with US$ 1.46 billion or 10.8%, Binh Duong province with US$1.18 billion or 8.8%, and the capital city with US$ 813 million or 6%.
From January to November 20, the Republic of Korea was Vietnam's largest source of FDI with more than US$2.5 billion, accounting for 18.6% of the country's total new FDI, followed by Malaysia with over US$, 2.4 billion, the United Kingdom with US$1.3 billion , and Japan with US$1.26 billion , apart from Taiwan (China) with US$911 million .