Vietnam attracts nearly 16.8 bln USD in FDI in eight months

Vietnam raked in nearly 16.8 billion USD in foreign direct investment (FDI) as of August 20, down 12.3 percent year-on-year, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.

During January-August, 12.8 billion USD of foreign-invested projects was disbursed, up 10.5 percent year-on-year, signaling foreign investors’ confidence in Vietnam’s investment prospects in the coming time.

Processing and manufacturing continued to lure the largest FDI capital, with nearly 11 billion USD, accounting for 63.9 percent of the total. It was followed by real estate business.

Singapore topped the list of the 94 nations and territories pouring capital in Vietnam in the period, with 4.53 billion USD, accounting for 27 percent of the total.

Ho Chi Minh City attracted the largest capital followed by Binh Duong and Bac Ninh

In the first eight months of this year, the foreign-invested sector reported an export value of nearly 185 billion USD up 17 percent year-on-year and accounting for 73.9 percent of the total.