Disbursed foreign direct investment up 9% in seven months

Disbursement of foreign direct investment (FDI) in the first seven months of 2015 rose 9% from the same period last year, according to the Foreign Investment Agency.

Printed circuit board manufacturing at Meiko Vietnam

In July alone, more than US$1.1 billion was disbursed, bringing total FDI disbursement to US$7.4 billion in the first seven months of 2015.

However, FDI pledges during the same period dropped 7.6% from a year earlier to US$8.8 billion despite additional commitments of US$3.3 billion in July.

Manufacturing and property trading were the most attractive sectors to foreign investors in July, receiving US$1.95 billion and US$1.23 billion respectively, followed by the retail sector which attracted US$18 million.

The manufacturing sector saw a strong presence of investors from the Republic of Korea, who were actively seeking opportunities in the electronics industry.

In the January-July period, Ho Chi Minh City was the largest FDI recipient with US$2.4 billion, followed by Binh Duong and Dong Nai, two other manufacturing centres in the southern region.

(Source: nhandan.org.vn)