Thanh Hoa Province led in FDI attraction
The northern central province of Thanh Hoa took the lead in attracting foreign direct investment (FDI) in the first six months of this year with USD3.06 billion, according to the Ministry of Planning and Investment.
Thanh Hoa was the most attractive destination to foreign investors as it received USD3.06 billion in FDI, accounting for 15.9 percent of the total FDI poured into 60 provinces and cities. It was followed by the northern provinces of Bac Ninh and Nam Dinh with USD2.85 billion or 14.83 percent and USD2.19 billion or 11.4 percent, respectively.
Foreign direct investment flowed into 18 industries and sectors in which the processing and manufacturing sector attracted the biggest of USD 9.48 billion, accounting for 49.3 percent of total FDI registered in the country. Electricity production and distribution ranked second with USD5.25 billion or 27 percent, while the mining sector came third with USD1.28 billion or 6.68 percent, the report said.
By June 20, FDI disbursement experienced a year-on-year increase of 6.5 percent to USD7.72 billion, the agency said.
There are 1,183 new foreign-invested projects with a total registered capital of USD11.83 billion which is an increase of 57.9 percent against the same period last year.
Japan became Vietnam’s leading investor in the first half of 2017, with FDI of USD5.08 billion, making up 26.5 percent of the total FDI. South Korea came second with investment of USD4.95 billion, or 25.8 percent, and Singapore came third with USD3.48 billion, or 18.1 percent.
Construction at a thermal power plant.
According to a report by the ministry's Foreign Investment Agency, Vietnam saw a surge of 54.8 percent in FDI against the same period last year, reaching USD19.22 billion, including USD 11.83 billion poured into new projects.Thanh Hoa was the most attractive destination to foreign investors as it received USD3.06 billion in FDI, accounting for 15.9 percent of the total FDI poured into 60 provinces and cities. It was followed by the northern provinces of Bac Ninh and Nam Dinh with USD2.85 billion or 14.83 percent and USD2.19 billion or 11.4 percent, respectively.
Foreign direct investment flowed into 18 industries and sectors in which the processing and manufacturing sector attracted the biggest of USD 9.48 billion, accounting for 49.3 percent of total FDI registered in the country. Electricity production and distribution ranked second with USD5.25 billion or 27 percent, while the mining sector came third with USD1.28 billion or 6.68 percent, the report said.
By June 20, FDI disbursement experienced a year-on-year increase of 6.5 percent to USD7.72 billion, the agency said.
There are 1,183 new foreign-invested projects with a total registered capital of USD11.83 billion which is an increase of 57.9 percent against the same period last year.
Japan became Vietnam’s leading investor in the first half of 2017, with FDI of USD5.08 billion, making up 26.5 percent of the total FDI. South Korea came second with investment of USD4.95 billion, or 25.8 percent, and Singapore came third with USD3.48 billion, or 18.1 percent.
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