LG projects help make RoK biggest foreign investor in Vietnam
Singapore and Japan were behind in the January-September period, by a large margins.
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A total of US$11.02 billion in foreign direct investment has been disbursed across the country in the first nine months, up 12.4% from the same period last year, according to the Ministry of Planning and Investment.
New FDI pledges during the period rose 1.1% year-on-year to US$11.17 billion, while additional funds for ongoing projects dropped 14% to US$5.27 billion.
Processing and manufacturing projects continued to draw the most interest, accounting for 74% of the total registered funding, followed by the real estate sector at 6% and science and technology with 4%.
The Republic of Korea remained the biggest investor by committing nearly US$5.6 billion, or 34% of the total, including US$1.5 billion for LG Display's screen plant and US$550 million for LG Innotek's camera modules plant in the northern city of Hai Phong.
Singapore was second with pledges of US$1.84 billion, followed by Japan with US$1.7 billion.
Vietnam's government expects FDI disbursements this year to hit US$15 billion, up from US$14.5 billion last year.
