Over 20 billion USD of FDI poured into Vietnam in 11 months of 2015
According to the statistics from the General Statistics Office, as of November 20, Vietnam attracted the total capital of 20.22 billion USD from foreign direct investment (FDI), increasing by 16.7% against the same period last year.
Disbursement of foreign direct investment (FDI) in Vietnam reached an estimated 13.2 billion USD from the beginning of 2015 until November 20, up 17.9% against a year ago.
The General Statistics Office (GSO) said Vietnam attracted 20.22 billion USD worth of FDI during the period, a yearly rise of 16.7%. Of which, 1.855 new foreign-invested projects have the total capital worth 13.55 billion USD while 6.67 billion USD came from 692 operating projects which raised their capital.
In the 11 months of this years, the manufacturing and processing sector attracted the largest share of FDI with 12.93 billion USD, accounting for 64% of the nation's FDI. The production and distribution of electricity, gas, hot water, steam and air conditioners gained second with 2.78 billion USD, accounting for 13.7%, while real estate trading ranked third with 2.33 billion USD or 11.5%.
HCM City led the top localities in drawing the largest FDI with more than 2.54 billion USD, accounting for 18.8% of total FDI registered in Vietnam. It was followed by Tra Vinh province with 2.52 billion USD or 18.6%, Dong Nai province with 1.46 billion USD or 10.8%, Binh Duong province with 1.18 billion USD or 8.8%, and Hanoi with 813 million USD or 6%
During the period, the Republic of Korea was Vietnam's largest investor with more than 2.5 billion USD, accounting for 18.6% of the country's total new FDI, followed by Malaysia with over 2.4 billion USD, the United Kingdom with 1.3 billion USD, and Japan with 1.26 billion USD.
November saw the establishment of over 9,300 enterprises with total registered capital of 52.6 trillion VND, reaching a 19.9% increase in number and 35.5% rise in capital from October.
In 11 months ending in November, more than 86,800 new enterprises were registered, a 28.1% year-on-year increase.
The new enterprises registered total capital of 538.7 trillion VND, increasing 37.7% against the same time last year. In addition, operational enterprises pumped an additional 742 trillion VND into their activities in the period.
The General Statistics Office also announced that 18,646 enterprises resumed their operation in 11 months, 31.2% higher than last year’s figure, showing clearly the economic recovery and Government’s efforts to improve business climate and support firms to overcome difficulties.
The General Statistics Office (GSO) said Vietnam attracted 20.22 billion USD worth of FDI during the period, a yearly rise of 16.7%. Of which, 1.855 new foreign-invested projects have the total capital worth 13.55 billion USD while 6.67 billion USD came from 692 operating projects which raised their capital.
In the 11 months of this years, the manufacturing and processing sector attracted the largest share of FDI with 12.93 billion USD, accounting for 64% of the nation's FDI. The production and distribution of electricity, gas, hot water, steam and air conditioners gained second with 2.78 billion USD, accounting for 13.7%, while real estate trading ranked third with 2.33 billion USD or 11.5%.
HCM City led the top localities in drawing the largest FDI with more than 2.54 billion USD, accounting for 18.8% of total FDI registered in Vietnam. It was followed by Tra Vinh province with 2.52 billion USD or 18.6%, Dong Nai province with 1.46 billion USD or 10.8%, Binh Duong province with 1.18 billion USD or 8.8%, and Hanoi with 813 million USD or 6%
During the period, the Republic of Korea was Vietnam's largest investor with more than 2.5 billion USD, accounting for 18.6% of the country's total new FDI, followed by Malaysia with over 2.4 billion USD, the United Kingdom with 1.3 billion USD, and Japan with 1.26 billion USD.
November saw the establishment of over 9,300 enterprises with total registered capital of 52.6 trillion VND, reaching a 19.9% increase in number and 35.5% rise in capital from October.
In January-November, the Republic of Korea was Vietnam's largest investor with more than 2.5 billion USD.
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The new enterprises registered total capital of 538.7 trillion VND, increasing 37.7% against the same time last year. In addition, operational enterprises pumped an additional 742 trillion VND into their activities in the period.
The General Statistics Office also announced that 18,646 enterprises resumed their operation in 11 months, 31.2% higher than last year’s figure, showing clearly the economic recovery and Government’s efforts to improve business climate and support firms to overcome difficulties.
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Vietnam news in brief - August 24
Read The Hanoi Times to stay up to date on developments in Vietnam.
- Growing number of FDI firms moving to Vietnam
- Vietnam Gov’t committed to facilitating Adani Group’s US$2-billion port project
- Vietnam Railway proposes US$87 million for Hanoi–Dong Dang railway upgrade
- Vietnam’s North-South high-speed railway to be designed for 350km/h
- Vietnamese gov’t urged to address impact of global minimum tax
- Samsung plans drastic investment increase in Vietnam over next three years