Vietnam attracted 19.54 billion USD worth of FDI as of August 20, down 13.7 percent year-on-year, according to the Ministry of Planning and Investment.
NVietnam attracted 19.54 billion USD worth of FDI as of August 20, down 13.7 percent year-on-year. (Photo: VNA)
Hanoi (VNA) - Vietnam attracted 19.54 billion USD worth of FDI as of August 20, down 13.7 percent year-on-year,according to the Ministry of Planning and Investment.
There were 1,797 new FDI projects licensed, with registered capital totalling9.73 billion USD, down 25.3 percent in project numbers but up 6.6 percent invalue compared to the same period last year. The increase was attributed to the inclusion of the BacLieu LNG-to-power project, with investment capital of 4 billion USD, or 41.1percent of the total.
Meanwhile, 718 existing projects were permitted to raise theirinvestment by more than 4.87 billion USD in total, a 22.2 percent increase year-on-year.
Foreign investors also outlaid 4.93 billion USD on share purchases orcapital contributions during the period, down 48.2 percent.
Capital was channelled into 18 sectors, in which manufacturing andprocessing took the lead after receiving over 9.3 billion USD, or 47.7 percentof the total. It was followed by power production and distribution, with over 4billion USD, real estate 2.87 billion USD, and wholesale and retail 1.21 billionUSD.
Singapore was the largest source of FDI, with a committed 6.54 billionUSD, accounting for 33.5 percent of the total. The Republic of Korea and China followed,with 2.97 billion USD and 1.75 billion USD, respectively, then Japan, Thailand,and Taiwan (China).
Of the 59 localities receiving FDI in the first eight months of thisyear, the Mekong Delta province of Bac Lieu ranked top with 4 billion USD. Hanoiwas second with 🦩2.86 billion USD and HCM City third with 2.62 billion USD,followed by Ba Ria-Vung Tau and Binh Duong provinces and Hai Phong city./.
Deputy Prime Minister and Foreign Minister Pham Binh Minh has said that as Vietnam’s stature has increasingly improved it is now time for the country to be more selective in its FDI attraction efforts.
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NVietnam attracted 19.54 billion USD worth of FDI as of August 20, down 13.7 percent year-on-year. (Photo: VNA) 
