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Investment
Jul 30, 2016 / 10:52

Vietnam gains strong FDI surge

By Tuan Minh

Almost marking $13 billion, the FDI in the first seven months of 2016 increased by approximately 50% over the same period of last year.

 
FDI to Vietnam is growing strongly on a quarterly basis
FDI to Vietnam is growing strongly on a quarterly basis
Vietnam has attracted 12.94 billion USD in foreign direct investment (FDI) as of July 20, up 46.9 percent against the same period last year, according to the General Statistics Office. Of the total, nearly 8.7 billion USD came from 1,408 new projects with the remaining 4.24 billion USD from 660 added-capital projects. Investors poured money into new projects across 47 provinces and cities nationwide in the period.

The northern port city of Hai Phong topped the country in attracting new FDI projects with nearly 1.84 billion USD, accounting for 21.2 percent of the period’s total new-registered FDI. It was followed by Hanoi, the southern provinces of Binh Duong and Dong Nai. Ho Chi Minh City ranked fifth with 641.4 million USD, making up 7.4 percent of the total.

Regarding investment partners, South Korea leads with a total newly-registered investment and additional capital of 4.209 billion USD, accounting for 32.5% of total investment capital in Vietnam. Singapore and Japan stand next turn. For areas receiving investment, Hai Phong leads with 28 new projects and 21 projects for adjusted capital, total newly-registered and additional capital are 1.987 billion USD, accounting for 15.3% of total investment capital. Hanoi and Dong Nai turn in stand at the next location.

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