Foreign Direct Investment (FDI) hit 14.36 billion USD in the first eight months of this year, up 7.7 percent year on year, according to the Foreign Investment Agency.
Hanoi (VNA)𓆉 – Foreign Direct Investment (FDI) hit 14.36 billion USD in the first eight months of this year, up 7.7 percent year on year, according to the Foreign Investment Agency under the Ministry of Planning and Investment.
The amount included 9.79 billion USD from 1,619 FDI newly-registered projects, an increase of 24.3 percent from the same period last year. The rest came from 770 adjusted projects.
The manufacturing and processing industry recorded 678 new projects and 551 adjusted ones, with a total FDI of 10.53 billion USD, accounting for 73.3 percent of total investment in the period.
It was followed by real estate, with 34 new projects and a combined new and adjusted capital of 836.2 million USD.
The Republic of Korea continues to be the leading source of foreign investment in Vietnam, with 4.8 billion USD, accounting for 33.4 percent of the total nation’s FDI.
Singapore and Japan ranked second and third, with 1.68 billion USD or 11.6 percent and 1.46 billion USD or 10.1 percent, respectively.
Disbursement of FDI could reach a total of 9.8 billion USD in the first eight months of 2016, a year-on increase of 8.9 percent, the agency reported.
According to the Ministry of Planning and Investment, FDI is expected to post a growth of 10-15 percent over 2015 and disbursement is to reach 15 billion USD this year.-VNA
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The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Hanoi-Hai Phong Highway (Photo:VNA)
