FDI selective over investment options
HA NOI (VNS) Foreign direct investment in the first 10 months hit US$10.5 billion, a 25 per cent reduction compared to the same period last year, said the Foreign Investment Agency under the Ministry of Planning and Investment.
|A production line of the Japan's Kirin Beverage Co in the southern province of Binh Duong. The processing industry and manufacturing had attracted the most FDI in the first 10 months, recording over US$6.9 billion. — VNA/VNS Photo Thanh Vu
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 per cent of the total registered capital so far.
Real estate saw a total registered capital of $1.84 billion, accounting for 17 per cent of the total registered capital.
Other areas, including wholesale, retail and repairs and maintenance, attracted over $456 million, twice as much as last year, accounting for 4.3 per cent 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. — VNS