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Vietnam sees over 40 pct growth in FDI attraction in 10 months

Xinhua, October 28, 2015 Adjust font size:

Vietnam saw a growth of 40.8 percent in attraction of foreign direct investment (FDI) in the first 10 months of 2015, according to Vietnam's General Statistics Office (GSO) on Wednesday.

Specifically, since the beginning of 2015 to Sept. 20, the country licensed some 1,657 new FDI projects with registered capital of over 12.4 billion U.S. dollars, up 26.9 percent in number of project and 24.8 percent in capital, year-on-year.

Meanwhile, some 667 existing projects registered to add nearly 6.9 billion U.S. dollars in investment, the GSO said in a report on the country's socio-economic situation in the first 10 months of 2015 posted on its website.

In total, during the period, Vietnam attracted some 19.3 billion U.S. dollars in FDI, an increase of 40.8 percent year-on-year.

Malaysia topped the list of 59 foreign investors to Vietnam in the 10-month period with over 2.4 billion U.S. dollars, accounting for 19.4 percent of the total FDI to Vietnam.

The Republic of Korea ranked second with 16.6 percent of the total FDI, said GSO.

During the period, the manufacturing and processing sector remained the most attractive to foreign investors with 64.7 percent of the total FDI.

FDI sector is estimated to post a 12.9-billion-U.S. dollar trade surplus during the period, according to the GSO. Enditem