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| Tan Thuan Export Processing Zone in Ho Chi Minh City__Photo: VNA |
Vietnam's foreign direct investment (FDI) disbursement reached USD 15.4 billion in the January-August period, up 8.8 percent from the same period last year, according to the National Statistics Office (NSO).
This marks the highest level for the eight-month period in five years.
Of the total, the manufacturing and processing sector received the lion’s share, with USD 12.57 billion, accounting for 81.6 percent of all disbursed FDI. It was followed by real estate with USD 1.24 billion, or 8 percent, and electricity, gas, and water production and distribution with USD 563.6 million, or 3.7 percent.
According to the NSO, the country attracted USD 26.14 billion in FDI in the first eight months of this year, up 27.3 percent from the same period last year.
During the reviewed period, Vietnam licensed 2,534 new projects worth USD 11.03 billion in total. While the number of new projects rose 12.6 percent, the value of new pledges declined slightly by 8.1 percent compared with last year.
Of the total registered FDI, newly licensed projects accounted for USD 11.03 billion in 2,534 projects, while additional capital hit USD 10.65 billion. Capital contributions and share purchases rose to USD 4.46 billion.
The manufacturing and processing industry remained the top choice for new projects, accounting for 59.2 percent of new registered capital, followed by real estate at 21.5 percent. The manufacturing and processing industry attracted USD 13.64 billion in both new and adjusted capital, equal to 62.9 percent of total registered inflows.
Among the 78 countries and territories with newly licensed projects in Vietnam in the reviewed period, Singapore was the largest investor with USD 3.06 billion, accounting for 27.8 percent of the total. It was followed by China with USD 2.65 billion, Sweden with USD 1 billion), and Japan with USD 878 million.
Meanwhile, Vietnam’s outbound investment totaled USD 426.5 million in 108 new projects, nearly three times higher a year earlier. Adjusted capital in 21 existing projects added another USD 129.7 million.- (VNA/VLLF)
