Foreign investment hit over US$28 billion in 10 months

October 26, 2017 | 15:56

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As of October 20, Vietnam has attracted US$28.24 billion in foreign direct investment (FDI) capital, a year-on-year increase of 37.4%, according to the Foreign Investment Agency under the Ministry of Planning and Investment.

foreign investment hit over us$28 billion in 10 months hinh 0

Of the figure, US$16.3 billion was put into 2,070 new projects (up 32.9%), US$7.27 billion (up 35.9%), into 1,001 operational projects that demand additionally increased investment capital and US$4.67 billion into 4,156 capital contribution and share buying projects.

Foreign investment is concentrated on 19 fields, with the processing and manufacturing industry ranking first with US$13.75 billion, accounting for 48.7% of total investment. Electricity production and distribution came second with US$5.63 billion, followed by real estate with US$2.04 billion.

The Republic of Korea topped 112 countries and territories investing in Vietnam with US$7.62 billion, trailed by Japan with US$6.07 billion, and Singapore with US$5.59 billion.

Foreign businesses provided capital to 59 provinces and cities nationwide. Ho Chi Minh City led in FDI attraction with US$5.03 billion, followed by Bac Ninh at US$3.19 billion, and Thanh Hoa at US$3.16 billion.

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