FDI jumps over 53% in nine months
As many as US$17.15 billion in foreign direct investment (FDI) was poured into Vietnam in the first nine months of 2015, a year-on-year surge of 53.4%, according to the Ministry of Industry and Trade.
Of the amount, about US$11.03 billion was pumped into over 1,430 newly-licensed projects, up 44.5% against the same period last year. The remaining US$6.11 billion was added to 461 operational initiatives, up 72.6%.
The ministry estimated that the foreign funders have so far disbursed US$9.65 billion, up 8.4%.
The significant rise in the nine-month FDI was largely owed to the entrance of several major projects in August and September. Chief among these are the US$2.4-billion Malaysian-funded Duyen Hai 2 Power Plant in Tra Vinh province, Samsung Display Vietnam with an extra US$3 billion investment in Bac Ninh province and Empire City, a US$1.2 billion real estate project invested by the United Kingdom in Ho Chi Minh City.
The manufacturing and processing industry attracted the largest share foreign investment with US$11.36 billion added into 737 new and 346 existing projects, or 66.3% of the total FDI.
It was followed by the power and real estate sectors which lured US$2.6 billion and US$1.81 billion, respectively.
The Republic of Korea topped investors in Vietnam, injecting US$5.74 billion, or 33.5% of the total foreign funds, followed by Malaysia and the UK.
Northern Bac Ninh province received the largest portion FDI funds, worth US$3.34 billion or 20% of the total. Ho Chi Minh City came second with US$2.61 billion, followed closely by Tra Vinh province with US$2.52 billion.
The ministry estimated that the foreign funders have so far disbursed US$9.65 billion, up 8.4%.
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| Production line at Samsung Vietnam factory in Yen Phong, Bac Ninh province. (Photo: VNA) |
The significant rise in the nine-month FDI was largely owed to the entrance of several major projects in August and September. Chief among these are the US$2.4-billion Malaysian-funded Duyen Hai 2 Power Plant in Tra Vinh province, Samsung Display Vietnam with an extra US$3 billion investment in Bac Ninh province and Empire City, a US$1.2 billion real estate project invested by the United Kingdom in Ho Chi Minh City.
The manufacturing and processing industry attracted the largest share foreign investment with US$11.36 billion added into 737 new and 346 existing projects, or 66.3% of the total FDI.
It was followed by the power and real estate sectors which lured US$2.6 billion and US$1.81 billion, respectively.
The Republic of Korea topped investors in Vietnam, injecting US$5.74 billion, or 33.5% of the total foreign funds, followed by Malaysia and the UK.
Northern Bac Ninh province received the largest portion FDI funds, worth US$3.34 billion or 20% of the total. Ho Chi Minh City came second with US$2.61 billion, followed closely by Tra Vinh province with US$2.52 billion.