HA NOI — Foreign direct investment (FDI) disbursement during the first eight months of this year was slightly lower than the same period last year, said the Ministry of Planning and Investment's Foreign Investment Agency (FIA).
|Employees at US-invested Acrylic Idea Factory East Co. Foreign direct investment disbursement during the first eight months of this year was lower than the same period last year at US$7.3 billion. — VNA/VNS Photo Quach Lam
Disbursement reached US$7.3 billion during the period, or 99.7 per cent of last year's corresponding period figure. A total of 672 new FDI projects worth $5.52 billion registered across the country, dropping by 43.5 per cent year-on-year.
Added capital in existing projects also slightly decreased. In eight months, 244 projects registered to increase their capital by a total of $2.95 billion, a decrease of 3.2 per cent against last year's corresponding period.
The country attracted a total FDI of $8.47 billion during the period, a 34 per cent reduction from the same period last year.
The processing and manufacturing industry took the lead in terms of investment capital with 281 new registered projects, gobbling up $5.74 billion or 67.8 per cent of total national FDI.
Real estate ranked second, attracting $1.72 billion with eight new FDI projects. This accounts for 20.4 per cent of the total FDI.
Retail sector and repairing attracted the third-largest FDI with 124 projects totalling $377 million, accounting for 4.4 per cent. These were followed by transport and healthcare service industries with $198.6 million and $83.8 million respectively.
Japan remained the country's leading source of foreign investment among 52 countries and territories that invest in Viet Nam. The island nation pumped $4.33 billion into the country, accounting for 51 per cent of the total FDI.
Japanese investors have invested in $1.2 billion Tokyu Binh Duong urban area, $574.8 million Bridgestone Viet Nam Plant in northern Hai Phong City and Nippon Pharma with $250 million.
Samoa came in second, investing $889.8 million, followed by South Korea with $654.7 million in investments.
The southern province of Binh Duong continued to be a favourite location for foreign investors, drawing $1.84 billion or 21.8 per cent of the total FDI registered in the country over the period.
Hai Phong City took second place, followed by Dong Nai, HCM City, Bac Giang and Ha Noi.
The agency said most FDI projects in the period were small- and medium-sized, with only one $1 billion project in the real estate sector.
There were 57 projects with investment of more than $10 million in processing and manufacturing sectors.
Another 126 projects with capital of less than $100,000 accounted for 19 per cent of the total in commerce, consultancy and software production industries. — VNS