Vietnam attracts over US$24 billion FDI capital in eight months

Tuesday, 2018-08-28 15:55:16
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A phone charging cable production line of the KSD Vina Co. Ltd, invested by the RoK (Photo: VNA)
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NDO - Vietnam has attracted US$24.35 billion worth of FDI capital in the first eight months of this year, an increase of 4.2% over the same period in 2017, the Foreign Investment Agency (FIA), under the Ministry of Planning and Investment, has announced.

Of the total amount, Vietnam posted US$13.48 billion worth of newly registered capital, US$5.58 billion worth of supplemented capital and nearly US$5.28 billion worth of capital contribution and share purchases, up 50.9% compared to the corresponding period last year.

During the eight-month period, US$11.25 billion has been disbursed representing an annual increase of 9.2%.

Manufacturing remains the most attractive industry for foreign investors, having attracted US$10.72 billion, accounting for nearly 44% of the total registered FDI capital, followed by real estate with a total registered capital of US$5.9 billion, while wholesale and retail sale came in third with a total registered capital of US$1.87 billion.

In the past eight months, 97 countries and territories worldwide have poured investment into Vietnam with Japan the number one investor, posting a total investment of US$7 billion, accounting for nearly 28.8% of total FDI capital in Vietnam. The Republic of Korea (RoK) came in second with a total registered capital of US$5.16 billion, making up 21.2% of the total investment in Vietnam.

Hanoi, Ho Chi Minh City and Ba Ria - Vung Tau attracted the largest amount of FDI capital during the period with a total registered capital of US$5.93 billion, US$4.42 billion and US$2.17 billion, respectively.