Thanh Hoa Province led in FDI attraction in VN

According to a report by the Ministry of Planning and Investment's Foreign Investment Agency, Viet Nam saw a surge of 54.8% in FDI against the same period last year, reaching US$19.22 billion, including US$ 11.83 billion poured into new projects.

Remarkably, Thanh Hoa was the most attractive destination to foreign investors as it received US$3.06 billion in FDI, accounting for 15.9% of the total FDI poured into 60 provinces and cities.

It was followed by the northern provinces of Bac Ninh and Nam Dinh with US$2.85 billion or 14.83% and US$2.19 billion or 11.4%, respectively.

Foreign direct investment flowed into 18 industries and sectors in which the processing and manufacturing sector attracted the biggest of US$ 9.48 billion, accounting for 49.3% of total FDI registered in the country.

Electricity production and distribution ranked second with US$5.25 billion or 27%, while the mining sector came third with US$1.28 billion or 6.68%, the report said.

Preferential policies on infrastructure investment and enterprise operations, and continuously-organised investment promotion activities have increased the provinces’ attraction, said experts.

                                                                                                                    By Vien Nhu