FDI ATTRACTION HITS OVER US$16 BLN IN NINE MONTHS

In the period, FDI disbursement surged 12.4% year on year to an estimated US$11.02 billion, the agency said.

Foreign investors poured money into 19 sectors, with manufacturing and processing industries topping the lead with US$12.15 billion, accounting for 73.9% of the total registered FDI.

It was followed by the real estate and sci-tech sectors, with 1 billion US$ and US$649 million, or 6.1% and 3.9% of the total FDI, respectively.

As many as 65 countries and territories invested in Viet Nam in the reviewed period.
The Republic of Korea (RoK) remained the leading investor, with US$ 5.58 billion, making up 34% of the FDI poured into the country. Singapore was the runner-up, with US$1.84 billion, or 11.2%. Japan ranked third with US$1.7 billion, or 10.3%.

Hai Phong and Hanoi cities in the north and the southern provinces of Dong Nai and Binh Duong were the most attractive destinations for foreign investors, respectively luring US$2.74 billion, US$1.97 billion, US$1.89 billion and US$1.49 billion.

Major projects in the period included a US$1.5-billion OLED display factory project and a LG Innotek plant worth US$550 million invested by RoK firms LG Display and LG Innotek Co., Ltd in Hai Phong, Amata city complex worth US$309.3 million by Thai investors in Dong Nai, and a US$300-million mobile research and development centre project by Samsung Electronics Viet Nam Co., Ltd in Ha Noi.

Source: VGP