Vietnam attracts over 11 billion USD FDI in first half of 2016
The total foreign direct investment (FDI) registered in Vietnam in the first half of the year reached more than 11.2 billion USD, the Foreign Investment Agency (FIA) said.
Medicines are produced at German-invested B. Braun Vietnam in Hanoi’s Thanh Oai Industrial Complex (Photo: VNA)
Hanoi (VNA) - The total foreign direct investment (FDI) registered in Vietnam in the first half of the year reached more than 11.2 billion USD, the Foreign Investmen𝓰t Agency (ℱFIA) said.
This is a significant surge of 105 percent against the same period last year.
Of the total, 7.5 billion USD came from 1,145 newly licensed projects, representing a yearly increase of 95 percent in capital and 56 percent in the number of projects.
The remainder was contributed by 535 already-operating projects that had raised their capital by more than 3.78 billion USD, or 129 percent, year-on-year.
Disbursement of FDI surged to an estimated 7.25 billion USD in the six-month period, a year-on-year rise of 15 percent, FIA reported.
Manufacturing and processing industries continued to be the top sector, receiving FDI of 8.06 billion USD, comprising 71 percent of the total registered FDI. The sector attracted 488 newly registered projects and 405 existing projects increased their capital.
The sector was followed by the real estate sector, with 25 projects holding total capital of 604.8 million USD, accounting for 5.3 percent of the total FDI. The science and technology sector took third place, with 562.3 million USD, or 5 percent of the total FDI.
From January to June, 61 countries and territories invested in Vietnam. The Republic of Korea remained the leading investor, with 3.99 billion USD, 35 percent of the FDI pledged to the country. Japan was the runner-up, with 1.22 billion USD, or 10 percent of the FDI. Singapore followed with 1.1 billion USD, accounting for another 10 percent of the total FDI.
Among the 53 localities, the northern port city of Hai Phong was the most attractive destination for foreign investors. The city attracted 1.74 billion USD in FDI, comprising 15.4 percent of the total FDI registered in the country in the first half of the year. The city received a 1.5-billion-USD OLED display factory project from LG Display.
The capital city was close on its heels with 1.63 billion USD, or 14.45 percent of the total FDI. The southern Binh Duong and Dong Nai provinces took the third and fourth places, with 1.07 billion USD and 928.9 USD million respectively.-VNA
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Medicines are produced at German-invested B. Braun Vietnam in Hanoi’s Thanh Oai Industrial Complex (Photo: VNA)
