Of the figure, about US$9.6 billion has been disbursed, representing a year-on-year increase of 6.4%.

Most FDI is focused on the manufacturing and processing sectors (nearly US$14.9 billion), and the electricity distribution and production industry.

As many as 1,050 new projects have been licensed with a total capitalization of US$13.1 billion, 79% higher than last year’s level, while the amount of additional investment was valued at US$6.1 billion.

The northern province of Thai Nguyen has taken the lead in FDI attraction (US$3389.1 million), followed by the southeastern province of Binh Thuan (US$2029.6 million), the central province of Binh Dinh (US$1009.5 million), HCM City (US$8,44.2 million), the northern province of Hai Duong (US$613.3 million), and the southern province of Binh Duong (US$521.1 million).

The Republic of Korea tops the list of Vietnam’s largest foreign investors, with its total investment worth US$3,586 million, followed by Singapore (US$2,721 million), China (US$2,245 million), Japan (US$1,152.3 million), and Russia (US$1,018 million).