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Vietnam estimated to lure 14.37 bln USD of FDI in 8 months

Xinhua, August 25, 2016 Adjust font size:

Vietnam is estimated to lure some 14.366 billion U.S. dollars of foreign direct investment (FDI) in the first eight months of 2016, up 7.7 percent year-on-year, according to the Foreign Investment Agency (FIA) under Vietnamese ministry of planning and investment on Thursday.

Among the figure, as many as 1,619 FDI projects worth 9.795 billion U.S. dollars have been newly registered in January-August period, up 32.8 percent year-on-year in volume and 24.3 percent in value year-on-year.

Meanwhile, some 4.571 billion U.S. dollars is added to 770 existing FDI projects, down 16.3 percent in value and up 97.9 percent in volume year-on-year.

During eight-month period, foreign investors have paid most attention on industrial processing and manufacturing, with some 10.53 billion U.S. dollars, accounting for 73.3 percent of the national FDI attraction.

Real estate business ranks second with 836.2 million U.S. dollars, making up 5.8 percent of total FDI in eight-month.

Among countries and regions with FDI projects in Vietnam, South Korea topped the list with 4.8 billion U.S. dollars in the first eight months this year. Singapore and Japan ranked the second and third with 1.679 billion U.S. dollars and 1.46 billion U.S. dollars, respectively, said FIA on its website. Enditem