Vietnam sees 46.9% FDI surge

Vietnam has attracted US$12.94 billion in foreign direct investment (FDI) as of July 20, up 46.9% against the same period last year, according to the General Statistics Office.

Of the total, nearly US$8.7 billion came from 1,408 new projects with the remaining US$4.24 billion from 660 added-capital projects.

Investors poured money into new projects across 47 provinces and cities nationwide in the period.

The northern port city of Haiphong topped the country in attracting new FDI projects with nearly US$1.84 billion, accounting for 21.2% of the period’s total new-registered FDI.

It was followed by Hanoi, the southern provinces of Binh Duong and Dong Nai.

Ho Chi Minh City ranked fifth with US$641.4 million, making up 7.4% of the total.

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