Illustrative photo (Source: VNA)Hanoi (VNA) – Vietnam attracted 25.4 billion USD in foreigndirect investment (FDI) in the first nine months of 2017, up 34.3 percent yearon year, reported the Ministry of Planning and Investment (MPI).
Of the total, 14.5 billion USD went to 1,844 new projects, while 6.75billion USD was added to 878 underway ones, and 4.16 billion USD was worthcompany shared bought by foreign investors.
The MPI revealed that as of September 20, 12.5 billion USD of FDI wasdisbursed, a rise of 13.4 percent over the same period last year.
Exports of the FDI sector (including crude oil) reached 110.8 billionUSD, up 21 percent year on year, and accounting for 71.9 percent of thecountry’s total export revenue. Meanwhile, the sector’s exports (excludingcrude oil) hit 108.5 billion USD, an increase of 20.8 percent over the sametime in 2016.
So far this year, foreign investors invested in 18 areas, mostly in the processingand manufacturing sector with 12.64 billion USD, or 49.6 percent of total FDI.
Production and distribution of power was the second most attractivesector, which lured 5.37 billion USD (21 percent), followed by the wholesaleand retail sector with 1.58 billion USD (6.2 percent).
Major projects licenced in the first nine months of this year includethe 1,200 MW Nghi Son 2 thermal power plant in Thanh Hoa with 2.793 billion USDinvested by Japan, the RoK-invested Samsung Display Vietnam in Bac Ninh withsupplementary capital of 2.5 billion USD, and the 1,109 MW Nam Dinh 1 thermalpower plant with 2.07 billion USD invested by Singapore.-VNA
VNA
