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Vietnam’s FDI inflows reach over US$26 billion in nine months

by NDO29 September 2019 Last updated at 17:31 PM

Manufacturing remains the most attractive sector to foreign investors during the January-September period
Manufacturing remains the most attractive sector to foreign investors during the January-September period

VTV.vn - Vietnam attracted US$26.16 billion in foreign direct investment (FDI) in the first nine months of 2019, up 3.1% over the same period last year, according to the Foreign Investment Agency (FIA).

Of the figure, US$10.97 billion was poured into nearly 2,760 new projects, up 26.4% in the number of projects and down 22.3% in terms of the capital year on year.

Approximately US$4.79 billion was pledged to existing projects, just equivalent to 86.4% of the value from a year ago.

Foreign firms invested US$10.4 billion in Vietnam during the period through capital contributions and share purchases, representing a year-on-year increase of 82.3% and accounting for 39.8% of the total registered capital.

The nine-month FDI disbursement was estimated at US$14.22 billion, up 7.3% year on year, according to the FIA.

Processing and manufacturing remained the most attractive sector to foreign investors during the January-September period, drawing US$18.09 billion, making up 69.1% of the total FDI pledges. It was followed by property trading at US$2.77 billion (10.6% of the total) and wholesale and retail at nearly US$1.4 billion (5.4% of the total).

Among the total 109 countries and territories investing in Vietnam, Hong Kong (China) was the largest investor with US$5.89 billion, followed by the Republic of Korea at US$4.62 billion and then Singapore at US$3.77 billion. Japan overtook China to rank fourth with a registered capital of US$3.067 billion.

Hanoi was the largest FDI recipient during the period with US$6.15 billion, accounting for 23.5% of the total, while Ho Chi Minh City and Binh Duong came second and third respectfully with US$4.52 billion (17.3%) and US$2.52 billion (9.6%).

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