FDI inflows reach US$20 billion in eight months

Specifically, Viet Nam licensed 2,247 new projects with total registered capital of over US$12 billion, up 8.5 percent in the number of projects and up 27 percent in terms of investment capital.

The manufacturing and processing industry took the lead with US$14.17 billion, accounting for 69 percent of the newly-registered capital, followed by real estate sector with US$3.36 billion.

Out of 66 foreign countries and territories investing in Viet Nam, Singapore was the largest investor with nearly US$6.79 billion, up 79.1 percent against the same period last year.

Hong Kong ranked second with nearly US$2.4 billion, followed by Japan, China, and South Korea.

Bac Ninh was the largest FDI recipient with US$3.47 billion, making up nearly 17 percent of the total FDI inflows and almost tripling the figure the northern locality lured last year.

The FIA also said the amount of FDI disbursement increased by 8 percent year-on-year to US$14.15 billion in the reviewed period./.