Foreign direct investment (FDI) in Vietnam in the first nine months this year hit a record $25.48 billion, up 34.3 per cent year-on-year, according to the Foreign Investment Agency (FIA) at the Ministry of Planning and Investment.
There were 1,844 new projects in the total, with registered capital of $14.56 billion, up 30.4 per cent year-on-year, while 878 projects invested additional capital of $6.75 billion, up 28.3 per cent.
FDI projects disbursed $12.5 billion in the period, an increase of 13.4 per cent.
Foreign investors are investing in 18 sectors, with manufacturing and processing attracting the most, with total capital of $12.64 billion, accounting for 49.6 per cent of the total.
Power production and distribution followed, with $5.37 billion, accounting for 21 per cent, then wholesale and retail, with $1.58 billion, or 6.2 per cent.
One-hundred and eight countries and territories have investment projects in Vietnam. South Korea led the way, with investment of $6.31 billion, accounting for 24.7 per cent of the total, then Japan, with $5.91 billion, or 23.17 per cent, and Singapore with $4.14 billion, or 16.2 per cent.
Ho Chi Minh City was the most popular FDI destination, with capital of $3.74 billion, followed by north-central Thanh Hoa province with $3.15 billion and northern Bac Ninh province with $3.14 billion.
Exports by foreign-invested enterprises (FIEs), including crude oil, reached $110.8 billion, up 21 per cent year-on-year and accounting for 71.9 per cent of total export turnover. Excluding crude oil, exports by FIEs totaled $108.5 billion, up 20.8 per cent and accounting for 70.5 per cent of the total.
Imports by FIEs reached $93.2 billion, up 26.1 per cent and accounting for 60.3 per cent of total import turnover. FIEs therefore recorded a trade surplus $17.63 billion including crude oil and $15.36 billion excluding crude oil.
Source: Vneconomictimes
Key words: 9M, FDI, hits record, $25.48bn
