FDI inflow surges in year’s first half

The figure included USD 11.83 billion poured into new projects. 

A beverage factory of Japan's Kirin company in the My Phuoc 2 Industrial Park,  Binh Duong province 

The processing and manufacturing sector attracted the lion share of FDI at USD 9.48 billion, accounting for 49.3 percent of total FDI registered in the country. Electricity production and distribution ranked second with USD 5.25 billion or equivalent to 27 percent, while the mining sector came third with USD 1.28 billion or 6.68 percent. 

Japan surpassed the Republic of Korea to become Vietnam’s leading source of FDI in the period, pumping USD 5.08 billion into the country, making up 26.5 percent of the total FDI. Investors from the RoK invested USD 4.95 billion, or 25.8 percent, while those from Singapore poured USD 3.48 billion, or 18.1 percent. 

From January to June, the Central province of Thanh Hoa was the most attractive destination for foreign investors as it attracted USD 3.06 billion in FDI, accounting for 15.9 percent of the nation’s total FDI. It was followed by the Northern provinces of Bac Ninh and Nam Dinh with USD 2.85 billion or 14.83 percent and USD 2.19 billion or 11.4 percent, respectively. 

In the same period, FDI disbursement experienced a year-on-year increase of 6.5 percent to USD 7.72 billion in the first half of this year. 

Foreign-invested sector accounted for 71 percent of the country’s total six-month export turnover. The sector also recorded trade surplus of USD 10.22 billion in the period. 

As of June 20, 2017, the country is home to more than 23,590 valid foreign-invested projects with a total registered capital of USD 306.3 billion. Over half of the total has been disbursed, according to the agency.

Source: VNA