Vietnam Disburses $9B in FDI in Jan-Nov: MPI

Vietnam estimated that its foreign direct investment (FDI) disbursement fell 10.4% from a year earlier to $9 billion between January and November, the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment (MPI) said on November 25.

 

During the period, the country attracted a total pledged FDI of $19.7 billion, down 72% from a year earlier, the FIA said.

 

In the eleven-month period, Vietnam licensed 776 FDI projects worth $14.6 billion, and allowed 213 existing projects to add $5.09 billion, down 77.6% and 1.7% on-year respectively.

 

The United State remains the biggest investor in Vietnam with $8.1 billon, followed by Cayman Islands with $2.02 billion, Samoa with $1.7 billion and South Korea with $1.58 billon.

 

Ba Ria-Vung Tau province continues to be the most attractive destination for foreign investors in Vietnam with $6.73 billion. The runners-up are Quang Nam, Binh Duong, Dong Nai and Ho Chi Minh City with $4.1 billion, $2.5 billion, $2.35 billion and $1.58 billion, respectively. 

 

The Southeast Asian country is expected to attract more than $20 billion FDI and disburse $10 billion this year, the MPI said. (VNA)