FDI inflow to Vietnam rises over 30 percent y-o-y in Jan-Aug: statistics

Thien Thanh Sanitaryware joint company

FDI inflow to Vietnam rises over 30 percent y-o-y in Jan-Aug: statistics

Newly registered and additional foreign direct investment (FDI) channeled into Vietnam in the first eight months of this year saw a 30.4 percent year-on-year rise, reaching over US$13.33 billion, according to the Foreign Investment Agency. During the eight-month period, disbursed FDI capital hit $8.5 billion, up 7.6 percent over the same period of 2014, according to the state agency under the Ministry of Planning and Investment.

Vietnam licensed 1,219 new projects with a total registered capital of $7.87 billion in the January-August period, up 8.7 percent year on year.

In addition, the investors of 389 operational projects registered to increase their capital, with newly added funds of $5.46 billion, up 82.8 percent over the same period in 2014.

Processing-manufacturing continued to take the lead among 17 sectors with $10.35 billion, accounting for 77.7 percent of the newly registered and additional FDI capital channeled into Vietnam in January-August.

Real estate and wholesaling-retailing came second and third with a total investment of $1.82 billion and $311.08 million, respectively.

Among the foreign partners from 55 countries and territories having investment projects in Vietnam, South Korea led with a newly registered and additional capital of $5.26 billion, representing 39.5 percent of the total.

It was followed by the United Kingdom ($1.25 billion), British Virgin Islands ($973.6 million), and Hong Kong ($876 million).

The northern province of Bac Ninh became the most attractive magnet for FDI with $3.33 billion in funds, making up 25 percent of the total amount.

It was tailed by Ho Chi Minh City ($2.42 billion) and the southern province of Dong Nai ($1.13 billion).

Earlier this year, Minister of Planning and Investment Bui Quang Vinh said the Southeast Asian country expected to lure about $23 billion worth of newly registered and additional FDI capitals in 2015.