Business
Processing and manufacturing industry lures biggest FDI capital in 2016
Processing and manufacturing industry attracted the largest foreign direct investment (FDI) flows this year with newly licensed capital reached over US$9.8 billion, accounting for 64.6% of total newly registered capital, according to the General Statistics Office of Vietnam (GSO).
Total foreign direct investment (FDI) disbursement in 2016 has reached US$15.8 billion, rising by 9% against last year, the highest FDI disbursement so far, according to the General Statistics Office of Vietnam (GSO).
As of December 26, the country has attracted 2,556 new licensing projects, with total registered capital of over US$15.2 billion, up 27% on the number of projects and down 2.5% on registered capital over the same period in 2015.
Besides, 1,225 licensed projects adjusted their registered capital with increased capital of more than US$5.8 billion, a growth of 50.5% in the number of projects and 19.7% in increased capital.
The sum total of registered capital from new projects, additional funding and investment in the form of capital contribution and share purchasing this year reached more than US$24.4 billion, up 7.1% compared to 2015.
In 2016, the processing and manufacturing industry drew the largest FDI flows with newly licensed capital reached over US$9.8 billion, accounting for 64.6% of total newly registered capital, followed by property business with over US$1.5 billion, making up more than 10%.
Vietnam had 51 provinces and cities having newly licensed FDI projects in 2016. The northern port city of Hai Phong saw the highest level, with a registered capital of more than US$2.5 billion, accounting for 16.2% of total newly registered capital.
Hanoi ranked second with more than US$1.9 billion, accounting for 12.7%, followed by Binh Duong with over US$1.63 billion, making up 10.7% and Dong Nai over US$1 billion, accounting for 6.9%.
Of 68 countries and territories having FDI projects in Vietnam this year, the Republic of Korea led in the the biggest investors with more than US$5.5 billion, accounting for 36.3% of total newly registered capital, followed by Singapore with more than US$1.59 billion, accounting for 10.5%. China ranked third with more than US$1.2 billion, accounting for 8.3%.
The total official development assistance (ODA) and preferential loans signed during the year is estimated at US$5.38 billion, up 39.7% compared to 2015.
ODA and preferential loan disbursement as of December 21 reached around US$3.5 billion. The number in 2016 is estimated at US$3.7 billion, equal to 80.4% of that in 2015.
As of December 26, the country has attracted 2,556 new licensing projects, with total registered capital of over US$15.2 billion, up 27% on the number of projects and down 2.5% on registered capital over the same period in 2015.
Besides, 1,225 licensed projects adjusted their registered capital with increased capital of more than US$5.8 billion, a growth of 50.5% in the number of projects and 19.7% in increased capital.
The sum total of registered capital from new projects, additional funding and investment in the form of capital contribution and share purchasing this year reached more than US$24.4 billion, up 7.1% compared to 2015.
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Vietnam had 51 provinces and cities having newly licensed FDI projects in 2016. The northern port city of Hai Phong saw the highest level, with a registered capital of more than US$2.5 billion, accounting for 16.2% of total newly registered capital.
Hanoi ranked second with more than US$1.9 billion, accounting for 12.7%, followed by Binh Duong with over US$1.63 billion, making up 10.7% and Dong Nai over US$1 billion, accounting for 6.9%.
Of 68 countries and territories having FDI projects in Vietnam this year, the Republic of Korea led in the the biggest investors with more than US$5.5 billion, accounting for 36.3% of total newly registered capital, followed by Singapore with more than US$1.59 billion, accounting for 10.5%. China ranked third with more than US$1.2 billion, accounting for 8.3%.
The total official development assistance (ODA) and preferential loans signed during the year is estimated at US$5.38 billion, up 39.7% compared to 2015.
ODA and preferential loan disbursement as of December 21 reached around US$3.5 billion. The number in 2016 is estimated at US$3.7 billion, equal to 80.4% of that in 2015.
