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VietNamNews

Manufacturing, property sectors draw most FDI

Update: November, 25/2014 - 09:00
Workers manufacture mobile phones at a factory of Samsung Electronics Vietnam in the northern province of Bac Ninh. In the first 11 months of this year, the processing and manufacturing industry continue to be the most attractive sector for FDI, accounting for 75.9 per cent of the total FDI. — VNA/VNS Photo Danh Lam
HA NOI (VNS)  – The Foreign Investment Agency's latest figures showed that disbursed foreign direct investment (FDI) hit US$11.2 billion in the first 11 months of this year, rising 6.2 per cent year-on-year.

According to the agency, which is under the planning and investment ministry, foreign investors poured $17.33 billion into Viet Nam this year — equivalent to 83.3 per cent of the investment year-on-year — in which the registered values of more than 1,420 new FDI projects totalled $13.41 billion.

More than 500 existing projects were registered to add $3.92 billion in capital.

The agency report revealed that the processing and manufacturing industry continued to be the most attractive sector for FDI, with 689 new projects, and newly registered and additional capital of $13.15 billion, accounting for 75.9 per cent of the total FDI in the 11-month period.

The property sector ranked second, with 32 new projects and newly registered and additional capital of $1.27 billion, or 7.3 per cent of the total FDI, followed by the construction sector with $1.02 billion FDI capital or a share of 5.9 per cent.

South Korea was the leader among 60 countries and territories that have invested in Viet Nam, with $6.82 billion in investments, or 39.4 per cent of the country's total FDI.

With an investment of $2.75 billion, Singapore was the second largest investor, and Japan ranked third with $1.71 billion investment.

Samsung Electronics' $3-billion factory in Thai Nguyen, its second factory in the country, helped the northern province to top the list with the largest registered FDI capital of $3.27 billion.

Thai Nguyen was followed by HCM City with $3.01 billion FDI capital, and Binh Duong Province with $1.42 billion FDI capital.

The FDI sector's export value (including crude oil) reached more than $92.2 billion, representing a rise of 14.1 per cent year-on-year and accounting for 67.3 per cent of the country's total export turnover. — VNS

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