Vietnam lures 31.4 billion USD in foreign capital in 11 months

ABO/NDO- Total registered foreign direct investment into Vietnam during January- November period of this year reached 31.4 billion USD, reported the Ministry of Planning and Investment’ s Foreign Trade Agency.

Foreign investors poured nearly 17.4 billion USD into 3,035 new projects, while 9.93 billion USD was added to 1,350 existing projects, and 4.06 billion USD was spent by foreign investors to purchase shares.

The agency said that in November alone, 4.12 billion USD worth of FDI was registered.

Vietnam lures 31.4 billion USD in foreign capital in 11 months.

In the first 11 months of this year, a total of 21.68 billion USD was disbursed, up 7.1% against the same period last year. Foreign investors invested in 18 out of 21 sectors of the national economy, with processing and manufacturing industry on the lead.

Registering 9.14 billion USD, Singapore was the biggest investor among 110 countries and territories investing in the nation in the reviewed period, followed by the Republic of Korea, China, Hong Kong (China), and Japan.

The northern province of Bac Ninh led the nation in terms of foreign capital, while Ho Chi Minh City topped the country in terms of the number of projects.

(Source: NDO)