Highest FDI disbursement recorded in past five years

According to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment, total foreign investment inflows reached nearly US$28.85 billion during the period, up 14.8 percent on year.

The above figure includes more than US$16.41 billion channeled into 2,865 new FDI projects, respectively up 42.4 percent and 58.1 percent year on year.

Meanwhile, over US$6.47 billion was added to 1,152 existing projects. Though the additional capital fell 32.1 percent, the project number still increased 15.9 percent from a year earlier.

Foreign investors spent over US$5.97 billion on contributing capital to and purchasing shares of domestic companies via 3.166 transactions, respectively rising 46.4 percent and dropping 4 percent.

Up to 18 of the 21 economic sectors received FDI during the first 10 months. Among them, the processing and manufacturing industry took the lead with more than US$20.97 billion, accounting for almost 72.71 percent of the total and rising 40.2 percent year on year. It was followed by real estate (nearly US$2.87 billion).

Quang Ninh attracted the most capital with nearly US$3.11 billion, accounting for nearly 10.8 percent and increasing 42.3 percent from a year earlier.

Ho Chi Minh City came second with over US$3.08 billion, accounting for 10.7 percent, followed by Hai Phong (US$2.8 billion), Bac Giang (US$2.7 billion ) and Ha Noi (US$2.6 billion).

During the 11 months, 110 countries and territories poured money into Viet Nam. Singapore topped the list with nearly US$5.15 billion, making up over 17.8 percent of the total.

It was followed by Hong Kong (China) with nearly US$4.33 billion (making up 15.2 percent) and the Republic of Korea with nearly US$4.17 billion (making up over 14.5 percent)./.