Business
Republic of Korea remains the largest investor in Vietnam
The Republic of Korea continued to lead among the biggest investors in Vietnam, with more than 5.6 billion USD in both new and additional pledges in the first nine months of 2016, accounting for 34% of total investment, according to the Foreign Investment Agency.
As of September 20, Vietnam attracted the total of foreign direct investment (FDI) of 16.43 billion USD from the new and additional pledges, accounting for 95.8% against the same period in 2015, the Foreign Investment Agency (FIA) announced on September 23.
The agency revealed that FDI disbursement has reached more than 11 billion USD, up 12.4% against the same period last year.
In January-September, 1,820 new projects have been granted investment certificates with a total registered capital of 11.2 billion USD. During the period, there have been 851 projects registered to adjust capital, with a total additional registered capital of 5.3 billion USD.
Foreign investors have invested in nineteen industry sectors, with manufacturing remaining the most attractive one.
The sector lured 767 newly registered investment projects and 608 additional capital projects with total investment pledges of 12.15 billion USD, accounting for 73.9% of total registered investment capital in nine months.
The Republic of Korea remained the largest investor in Vietnam, with more than 5.6 billion USD in both new and additional pledges, accounting for 34% of total investment. Singapore was second with 1.84 billion USD, followed by Japan with 1.7 billion USD.
The northern port city of Hai Phong became the biggest recipient of FDI capital with total new and additional pledges of 2.74 billion USD, followed by Dong Nai and Binh Duong provinces with 1.89 billion USD and 1.5 billion USD, respectively.
According to the Foreign Investment Agency, FDI sector exports (including crude oil) in the reviewed time reached 91.2 billion USD, a rise of 7.4% over the same period in 2015 and accounting for over 71% of export turnover.
Exports excluding crude oil during the period reached 89.5 billion USD, up 9.3% year-on-year and accounting for 69.7% of export turnover.
The sector recorded a trade surplus of 17.146 billion USD including crude oil and 15.5 billion USD excluding crude oil.
The agency revealed that FDI disbursement has reached more than 11 billion USD, up 12.4% against the same period last year.
The northern port city of Hai Phong became the biggest recipient of FDI capital
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Foreign investors have invested in nineteen industry sectors, with manufacturing remaining the most attractive one.
The sector lured 767 newly registered investment projects and 608 additional capital projects with total investment pledges of 12.15 billion USD, accounting for 73.9% of total registered investment capital in nine months.
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The northern port city of Hai Phong became the biggest recipient of FDI capital with total new and additional pledges of 2.74 billion USD, followed by Dong Nai and Binh Duong provinces with 1.89 billion USD and 1.5 billion USD, respectively.
According to the Foreign Investment Agency, FDI sector exports (including crude oil) in the reviewed time reached 91.2 billion USD, a rise of 7.4% over the same period in 2015 and accounting for over 71% of export turnover.
Exports excluding crude oil during the period reached 89.5 billion USD, up 9.3% year-on-year and accounting for 69.7% of export turnover.
The sector recorded a trade surplus of 17.146 billion USD including crude oil and 15.5 billion USD excluding crude oil.
