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Hanoi leads the country in attracting FDI after five months
Thu Minh 17:01, 2016/05/28
Hanoi topped other localities to become the most attractive destination for foreign investors. The city lured 1.96 billion USD in foreign direct investment (FDI) in the first five months of this year, accounting for 19.3% of total registered FDI in the country.
In the first five months of this year, foreign direct investment (FDI) poured into Vietnam not only surged more than 136% from the same period last year, the disbursed FDI capital reached an impressive growth at nearly 6 billion USD.
According to the Foreign Investment Department under the Ministry of Planning and Investment, foreign direct investment (FDI) worth nearly 10.16 billion USD was poured into Vietnam in the first five months of this year, an increase of 136.4% from the same period last year.
As of May 20, Vietnam had 907 new FDI projects with a total registered capital of 7.56 billion USD, a year-on-year rise of 155.9% while 425 adjusted-capital projects brought in 2.59 billion USD, up 93.3% from last year. Some 5.8 billion USD was disbursed, increasing 17.2% against a year ago.
Of the 19 industry sectors receiving foreign investment, manufacturing and processing sectors continued to be the top sector.
Of the 19 industry sectors receiving foreign investment, manufacturing and processing sectors continued to be the top sector.
The FDI sector has been enjoying good business in Vietnam during the reviewed time. It reported a trade surplus of 9.1 billion USD in the first five months.
The export of foreign-invested sector (including crude oil) reached 48.263 billion USD (up 7.7%), while its import was estimates at 39.155 billion USD, equipvalent to 98.1% over the the same period of 2015.
The Republic of Korea remained the top investor among 60 countries and territories by committing another 3.42 billion USD, accounting for nearly 34% of the pledges.
Luxembourg came second with nearly 1.25 billion USD, followed by Singapore with 907 million USD.
Of the 19 industry sectors receiving foreign investment, manufacturing and processing sectors continued to be the top sector, accounting for 65% of the registered funds, followed by information and communication with 1.3 billion USD at nearly 13% and real estate worth 542.8 million USD at 5.3%.
Investment worth 5.8 billion USD was disbursed during the period, which was a 17.2% increase from last year.
Hanoi topped other localities to become the most attractive destination for foreign investors. With 139 new projects and 41 adjusted-capital projects, the city attracted 1.96 billion USD in FDI in the period, accounting for 19.3% of total registered FDI in the country.
This was followed by Hai Phong with 1.71 billion USD or 16.9% and Dong Nai province with 921.8 million USD or 9.1%.
 
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