The GSO reported that in the first ten months of this year, Vietnam lured USD28-billion in FDI, down 1.2% on-year. Of the sum, USD15.1 billion was disbursed, up 6.3% on-year. 

In the first ten months of this year, Vietnam lured USD28-billion in FDI

During the period, FDI mostly focused on 18 sectors with processing and manufacturing sector accounting for 47.5% of the total registered capital. It was followed by real estate with 20.4% and retail with 8.5%.

The FDI came from 105 countries and territories. Japan topped the list with USD7.6 billion, making up 27.5% of the total. The runners-up were South Korea with USD6.5 billion and Singapore with USD3.9 billion.

Between January and October, Hanoi topped among 59 localities nationwide in pulling in FDI with USD6.15 billion. HCM City came second with USD4.6 billion and Ba Ria-Vung Tau Province with USD2.4 billion.

The country has been forecasted to attract USD30 billion in FDI this year.

Prime Minister Nguyen Xuan Phuc recently cited a report conducted by the United Nations Conference on Trade and Development as saying that Vietnam was among the top 12 countries worldwide in luring FDI.

The government leader, however, pointed out that most of FDI enterprises in Vietnam still use less modern technology. The number of FDI companies using high technology remains low. Many of them spend only a modest investment in research and development activities.

The PM highlighted the necessity to prioritise hi-tech FDI projects for the high economic value and environmental protection.