According to the Foreign Investment Agency under the Ministry of Planning and Investment, newly registered and additional foreign direct investment capital reached US$12.63 billion in the first eight months of this year, up 19.5 percent year-on-year.
As of August 20, 769 new projects were granted investment licenses with total registered capital of more than $7.4 billion, up 12.2 percent year-on-year, and 297 other projects expanded investment capital for an additional investment of $5.22 billion, up 31.7 percent year-on-year.
FDI disbursement hit $7.56 billion, up 3.8 percent compared to the same period last year.
Foreign investors must have been doing well in Vietnam as they have continued to pump a huge amount of money into the country.
Exports in FDI sector were estimated at $56.09 billion in the first eight months of this year, an increase of 21.7 percent year-on-year, accounting for 66.1 percent of the country’s total export turnover. If excluding crude oil, respective figures will be $51.24 billion, 26 percent year-on-year, and 60.42 percent of total exports.
Industrial processing and manufacturing magnetized up to 85.7 percent of the newly-register capital with more than 370 new projects worth $10.8 billion. Real estate sector ranked second with over $588 million of capital, followed by science and technology with $334 million.
Japan remained the biggest investor with $4.35 billion, tagged along by Singapore with $3.78 billion, and Russia with nearly $1.02 billion.
Foreign investors have invested in 50 provinces and cities across the country, of which Nghi Son refinery-petrochem project attracted $2.8 billion. The central province of Thanh Hoa topped the list of FDI attraction with $2.81 billion, accounting for 22.3 percent of total FDI capital. Thai Nguyen Province came next with $2.15 billion, accounting for 17.1 percent of total FDI capital. Bac Ninh Province ranked third with $1.39 billion.