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Vietnam's FDI disbursement expected to rise 8.8 pct in 7 months

Xinhua, July 29, 2015 Adjust font size:

A total of 7.4 billion U.S. dollars in foreign direct investment (FDI) is expected to be disbursed in Vietnam in the first seven months of 2015, up 8.8 percent year-on- year, said the Foreign Investment Agency (FIA) under Vietnam's Ministry of Planning and Investment on Wednesday.

During the seven-month period, a total of 1,068 projects were newly-licensed with registered capital of 6.92 billion U.S. dollars, up 20.1 percent in volume and 1 percent in value year-on- year.

Meanwhile, some 1.88 billion U.S. dollars is set to be added to 341 existing projects, down by 29.8 percent in value and 13.7 percent in volume year-on-year, said FIA on its website.

During the period, foreign investors have poured capital into 17 economic sectors, with top attention paid to industrial processing, manufacturing. FDI registered for the sector reaches 6. 14 billion U.S. dollars, accounting for 69.7 percent of Vietnam's total FDI during the seven-month period.

Real estate business ranks second with 1.69 billion U.S. dollars while retail, wholesale, repairs sector sits third place with 294.9 million U.S. dollars, said FIA.

In the first seven months, South Korea tops 53 countries and regions having FDI projects in Vietnam, with total registration of 1.91 billion U.S. dollars.

Britain and British Virgin Islands rank second and third with 1. 24 billion U.S. dollars and 853.3 million U.S. dollars, respectively.

Among localities nationwide, southern economic hub of Ho Chi Minh City is likely to attract the most FDI with 2.42 billion U.S. dollars.

Southern Binh Duong province ranks second and southern Dong Nai province ranks third with over 1.11 billion U.S. dollars and 1.1 billion U.S. dollars, respectively. Endi