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NEWS: FDI disbursements hit US$16.5 billion in 11 months

Disbursements of foreign direct investment (FDI) reached USD16.5 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.

The manufacturing sector remained the largest recipient of FDI

Data as of November 20, showed newly registered FDI capital hit nearly USD15.8 billion, down 20.3% year on year.

With USD7.4 billion in additional funding to existing projects, total FDI pledges in the January-November period were estimated at USD23.2 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 USD6.1 billion while the Republic of Korea and Singapore came second and third with USD3.4 billion and USD1.1 billion, respectively.

In the meantime, Hanoi was the largest recipient of FDI with more than USD5 billion. Pledges of USD1.8 billion to Ba Ria-Vung Tau earned the province the second position while Binh Duong province was placed third with USD953 million.

Conversely, Vietnam invested a total of USD357 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 USD97.6 million, followed by Australia and Slovakia.

Source: http://en.nhandan.com.vn