Vietnam attracts nearly 15.6 billion USD of FDI in 2015
The General Statistics Office said that as of December 15, 2015, Vietnam`s foreign direct investment (FDI) attracted 2,013 newly licensed projects with the total registered capital reaching 15.58 billion USD, up 26.8% on number of projects and 0.4% of the capital over the same period in 2014.
Besides, 814 existing projects were also granted additional capital to 7.18 billion USD.
The total registered capital of the new projects and granted additional capital reached 22.76 billion USD, up 12.5% compared to 2014. The total capital of FDI implemented in 2015 was estimated at 14,5 billion USD, up 17.4% over the previous year.
Processing industry, manufacturing attracted the largest FDI with the registered capital worth 15.23 billion USD, accounting for 66.9% of total registered capital. Manufacturing and distribution of electricity, gas, hot water, steam and air conditioning was more than 2.8 billion USD in FDI, accounting for 12.4%. Real estate business reached nearly 2.4 billion USD of FDI, accounting for 10.5% and the remaining sectors attracted 2.3 billion USD, accounting for 10.2%.
Out of 48 provinces and cities nationwide having licensed FDI projects of this year, HCM City led in top list of most attractive destination with a registered capital of over 2.8 billion USD, accounting for 18% of total newly registered capital. Tra Vinh ranked the second place in attracting FDI reaching 2.5 billion USD in capital, accounting for 16.2%, the southern province of Binh Duong with 2.46 billion USD or 15.8%, and Hanoi with 910.7 million USD or 6%.
Among 58 countries and territories that have invested in Vietnam, the Republic of Korea is the largest investor with over 2.6 billion USD, accounting for 17.2% of total newly registered capital. It is followed by Malaysia over 2.447 billion USD, up 15.7% and Xamoa 1.3 billion USD, accounting for 8.4% ...
Other localities that also attracted FDI include Haiphong City (573.1 million USD), Tay Ninh Province (503 million USD) and Quang Ninh Province (374 million USD).
Experts said Vietnam was likely to attract more foreign investment next year and in the future because of the opportunities and advantages resulting from free trade agreements (FTAs).
In 2015, all departments and relevant agencies accelerated the mobilization of investment resources and remove obstacles to speed up the disbursement of national development investment capital as planned, especially projects using ODA capital and preferential loans.
The total capital of national social development invested in 2015 was estimated at 1,367 trillion VND, up 12% compared with 2014 and accounting for 32.6% of GDP.
The total registered capital of the new projects and granted additional capital reached 22.76 billion USD, up 12.5% compared to 2014. The total capital of FDI implemented in 2015 was estimated at 14,5 billion USD, up 17.4% over the previous year.
Processing industry, manufacturing attracted the largest FDI with the registered capital worth 15.23 billion USD, accounting for 66.9% of total registered capital. Manufacturing and distribution of electricity, gas, hot water, steam and air conditioning was more than 2.8 billion USD in FDI, accounting for 12.4%. Real estate business reached nearly 2.4 billion USD of FDI, accounting for 10.5% and the remaining sectors attracted 2.3 billion USD, accounting for 10.2%.
Out of 48 provinces and cities nationwide having licensed FDI projects of this year, HCM City led in top list of most attractive destination with a registered capital of over 2.8 billion USD, accounting for 18% of total newly registered capital. Tra Vinh ranked the second place in attracting FDI reaching 2.5 billion USD in capital, accounting for 16.2%, the southern province of Binh Duong with 2.46 billion USD or 15.8%, and Hanoi with 910.7 million USD or 6%.
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Other localities that also attracted FDI include Haiphong City (573.1 million USD), Tay Ninh Province (503 million USD) and Quang Ninh Province (374 million USD).
Experts said Vietnam was likely to attract more foreign investment next year and in the future because of the opportunities and advantages resulting from free trade agreements (FTAs).
In 2015, all departments and relevant agencies accelerated the mobilization of investment resources and remove obstacles to speed up the disbursement of national development investment capital as planned, especially projects using ODA capital and preferential loans.
The total capital of national social development invested in 2015 was estimated at 1,367 trillion VND, up 12% compared with 2014 and accounting for 32.6% of GDP.
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Vietnam news in brief - August 24
Read The Hanoi Times to stay up to date on developments in Vietnam.
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