Foreign investors are estimated to have disbursed $7.25 billion in Vietnam in the first eight months of this year, rising 3.6% from a year earlier, including $850 million in August, the Foreign Investment Agency (FIA) said.
Vietnam licensed 658 foreign-invested projects totaling $10.79 billion and allowed 143 existing projects to add their capital by $787 million between January and August, according to the FIA.
During the eight-month period, the FDI-invested sector has earned $23.96 billion from exports and spent $22.37 billion on imports, a year-on-year increase of 26.6% and 43.6%, respectively.
The Netherlands takes the lead among foreign investors in attracting FDI during the period with $2.22 billion, followed by the U.S. with $1.79 billion and South Korea with $1.69 billion.
The southern province of Ba Ria-Vung Tau tops nationwide in FDI attraction in the eight-month period with $2.23 billion, followed by Quang Ninh, Ho Chi Minh City and Nghe An with $2.147 billion, $1.14 billion and $1 billion, respectively.
Processing and manufacturing industry has taken the lead among sectors with $3.66 billion during the period, accounting for 31.6% of total pledged capital, followed by production, electric, gas, water distribution and conditioners with $2.94 billion.
As of mid-Aug, foreign investors disbursed around $65 billion in Vietnam out of a total pledged $188.4 billion into 11,800 FDI projects, the FIA under the Ministry of Planning and Investment (MPI) added.
This year, the country expects to attract $25 billion and disburse $11 billion in FDI this year up 16.38% and 10% on-year respectively, said the MPI. (VNA, GSO)
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