FDI disbursements hit US$16.5 billion in 11 months

Friday, 2018-11-30 10:11:32
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The manufacturing sector remained the largest recipient of FDI.
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NDO - Disbursements of foreign direct investment (FDI) reached US$16.5 billion in the first 11 months of the year, up 3.1% compared with the same period of 2017, according to the General Statistics Office.

Data as of November 20, showed newly registered FDI capital hit nearly US$15.8 billion, down 20.3% year on year.

With US$7.4 billion in additional funding to existing projects, total FDI pledges in the January-November period were estimated at US$23.2 billion.

The manufacturing sector remained the largest recipient of FDI, accounting for more than 47.1% of total commitments, followed by property trading at 33% and other sectors at 19.9%.

A breakdown of capital sources shows that Japan was the largest investor with approximately US$6.1 billion while the Republic of Korea and Singapore came second and third with US$3.4 billion and US$1.1 billion, respectively.

In the meantime, Hanoi was the largest recipient of FDI with more than US$5 billion. Pledges of US$1.8 billion to Ba Ria-Vung Tau earned the province the second position while Binh Duong province was placed third with US$953 million.

Conversely, Vietnam invested a total of US$357 million in overseas projects in the first 11 months of the year, mainly in finance-banking, agriculture and manufacturing.

Laos was the largest recipient of Vietnamese capital with US$97.6 million, followed by Australia and Slovakia.