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FDI in major sectors keep growing, despite fall in total

Foreign direct investment in the first 10 months hit $10.5 million, said the Foreign Investment Agency under the Ministry of Planning and Investment.

Foreign direct investment in the first 10 months hit $10.5 million, a 25 percent reduction compared to the same period last year, said the Foreign Investment Agency under the Ministry of Planning and Investment.

FDI in major sectors keep growing, despite fall in total - 1
However, despite the decline in total, FDI in some main economic sectors was still growing strongly, the agency said.

The processing industry and manufacturing had attracted the most FDI, recording over $6.9 billion, which accounted for about 66 percent of the total registered capital so far, a 19 percent increase compared to the same period last year.

Real estate saw a total registered capital of $1.84 billion, accounting for 17 percent of the total registered capital, a four-fold increase over last year's figure.

Other areas, including wholesale, retail and  repairs and maintenance, attracted over $456 million, twice as many as last year, accounting for 4.3 percent of the total registered capital.

The 10 months also saw an increase in FDI disbursements of up to $9 billion, which was similar to last year's period.

The agency reported that Japan had registered by far the highest FDI at $4.9 billion, accounting for nearly half of the total registered, followed by South Korea and Samoa with $937 million and $900 million respectively.

The southern province of Binh Duong has attracted the most FDI with $2.17 billion, closely followed by HCM City and Hai Phong with $1.12 billion and 1.08 billion respectively.

Source: VNS
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