Vietnam lures over 26 billion USD of FDI in nine months
Foreign investors poured 26.16 billion USD into Vietnam in the first nine months of this year, up 3.1 percent over the same period in 2019, according to the General Statistics Office.
Hanoi (VNA) – Foreign investors poured 26.16billion USD into Vietnam in the first nine months of this year, up 3.1 percentover the same period in 2018, according to the General Statistics Office.
Ofthe figure, 10.97 billion USD was invested in nearly 2,760 new projects, down22.3 percent in terms of the capital and up 26.4 percent in the number ofprojects year on year.
Approximately4.79 billion USD was pledged to existing projects, equivalent to 86.4 percentof the value from a year ago.
Foreignfirms spent 10.4 billion USD on capital contributions and share purchases inVietnam during the period, representing a year-on-year increase of 82.3 percent.
Thenine-month foreign direct investment (FDI) disbursement was estimated at 14.22billion USD, up 7.3 percent year on year.
Processingand manufacturing remained the most attractive sector to foreign investorsduring the January-September period, drawing 18.09 billion USD, making up 69.1percent of the total pledged FDI capital. It was followed by property tradingat 2.77 billion USD (10.6 percent of the total) and wholesale and retail atnearly 1.4 billion USD (5.4 percent of the total).
Amongthe total 109 countries and territories investing in Vietnam in the period,Hong Kong (China) was the largest investor with 5.89 billion USD, followed bythe Republic of Korea at 4.62 billion USD and Singapore at 3.77 billion USD.Japan overtook China to rank fourth with a registered capital of 3.067 billionUSD.
Hanoiwas the largest FDI recipient during the period with 6.15 billion USD,accounting for 23.5 percent of the total, while Ho Chi Minh City and Binh Duongcame second and third respectively with 4.52 billion USD (17.3 percent) and2.52 billion USD (9.6 percent)./.
Vietnam’s foreign direct investment attraction is expected to make a leap in 2019. However, in the first eight months of this year, FDI inflow has seen decreases along with more small-scale projects.
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Illustrative image (Source: VNA) 
