Vietnam attracts over 18.1 billion USD in FDI in eight months

ABO/NDO- Vietnam lured over 18.1 billion USD in foreign direct investment (FDI) as of August 20, an increase of 8.2% year-on-year, reported the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.

In the first eight months of this year, there were a total of 1,924 newly-registered FDI projects worth 8.87 billion USD, up 69.5% year-on-year in the number of projects, and up 39.7% in value.

Meanwhile, 830 projects had their capital adjusted, with a total added amount of 4.5 billion USD, up 22.8% and 39.7% year-on-year, respectively.

Manufacturing electronic components at Bumjin Electronics Vina Co., Ltd.

There were also 2,268 capital contributions and share purchases, with a total amount of 4.4 billion USD, down 6.5% and 62.8%, respectively.

During January-August, 13.1 billion USD of foreign-invested projects was disbursed, up 1.3% against the same period of last year.

Foreign investors have invested in 18 industries out of 21 economic sectors of Vietnam. Which, processing and manufacturing continued to rake the largest FDI capital, with nearly 13 billion USD, accounting for around 67.8% of the total.

It was followed by real estate business and banking - finance, with over 1.76 billion USD and 1.54 billion USD, respectively.

A total of 100 nations and territories poured capital into Vietnam during the period, with Singapore topping the list with more than 3.8 billion VND, accounting for 21.2% of the total. It was followed by China, Japan, and the Republic of Korea.

(Source: NDO)