FDI pledges to Vietnam reach US$22.63 billion in first eight months

Wednesday, 2019-08-28 11:14:29
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FDI disbursement rose 6.3% to reach US$11.96 billion. (Photo: Bao Dau Tu)
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NDO - Vietnam attracted US$22.63 billion in foreign direct investment (FDI) in the first eight months of 2019, down 7% over the same period of last year, according to the Foreign Investment Agency.

Specifically, US$9.13 billion was poured into 2,406 new projects while an additional US$4 billion was pledged to existing projects.

Foreign investors also invested another US$9.51 billion through capital contributions and share purchases.

During the same period, FDI disbursement rose 6.3% to reach US$11.96 billion.

Manufacturing remained the most attractive sector to foreign investors, who committed US$15.74 billion, followed by property trading at US$2.31 billion and wholesale and retail at US$1.19 billion.

Among the 103 countries and territories investing in Vietnam, Hong Kong (China) was the largest investor at US$5.63 billion, while the Republic of Korea and Singapore came second and third with US$3.48 billion and US$3.27 billion, respectively.

A breakdown of recipients shows that Hanoi received the largest share of FDI in the January-August period with US$5.66 billion, followed by Ho Chi Minh City and Binh Duong province with US$3.86 billion and US$1.95 billion, respectively.