11-month FDI disbursement increases 6.2 percent

The Foreign Investment Agency's latest figures showed that disbursed foreign direct investment (FDI) hit 11.2 billion USD in the first 11 months of this year, rising 6.2 percent year-on-year.
The Foreign InvestmentAgency's latest figures showed that disbursed foreign direct investment(FDI) hit 11.2 billion USD in the first 11 months of this year, rising6.2 percent year-on-year.

According to the agency, which is underthe Ministry of Planning and Investment, foreign investors poured 17.33billion USD into Vietnam so far this year — equivalent to 83.3 percentof the investment year-on-year — in which 13.41 billion USD was investedin 1,427 new FDI projects. 

Meanwhile, 3.92 billion USD was added to the registered capital of more than 500 existing projects.

Theagency report revealed that the processing and manufacturing industrycontinued to be the most attractive sector for FDI, with 689 newprojects, and newly registered and additional capital of 13.15 billionUSD, accounting for 75.9 percent of the total FDI in the 11-monthperiod.

The property sector ranked second, with 32 new projectsand newly registered and additional capital of 1.27 billion USD, or 7.3percent of the total FDI, followed by the construction sector with 1.02billion USD, a share of 5.9 percent.

The Republic of Korea wasthe leader among 60 countries and territories that have invested inVietnam in the reviewed period, with 6.82 billion USD in investments, or39.4 percent of the country's total FDI. 

With an investment of2.75 billion USD, Singapore was the second largest investor, and Japanranked third with 1.71 billion USD. 

Samsung Electronics'3-billion USD factory in Thai Nguyen, its second factory in the country,helped the northern province rise to the top of the list of FDIdestinations, with a total FDI capital of 3.27 billion USD. 

HCM City came second with 3.01 billion USD, and Binh Duong southern province is third with 1.42 billion USD. 

The FDI sector's export value (including crude oil) reached more than92.2 billion USD, representing a rise of 14.1 percent year-on-year andaccounting for 67.3 percent of the country's total export turnover./.

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