Vietnam's newly registered FDI more than doubles to US$30.73 billion
Estimated FDI disbursements rose 13.1 per cent to US$24.08 billion in January–October, the highest level for that period in five years.
New foreign-invested projects licensed in Vietnam had registered capital totalling US$30.73 billion as of October 31, more than twice the year-earlier level, according to local media reports. Authorities licensed 3,478 projects, an increase of 4.7 per cent.
Singapore accounted for US$9.52 billion of the new capital, nearly one-third of the total, leading the 80 countries and territories with newly licensed projects during January–October. Next came South Korea at US$5.81 billion, Luxembourg at US$4.99 billion, Hong Kong at US$3.57 billion and mainland China at US$2.77 billion.
By sector, processing and manufacturing attracted the largest amount of newly registered capital: US$14.6 billion, representing 47.5 per cent. Transportation and warehousing accounted for US$5.15 billion, while US$10.98 billion went to other sectors combined.
A further US$16.13 billion was registered as additional capital for 1,079 projects licensed in earlier years, up 33.2 per cent year on year. Foreign investors' capital contributions and share purchases numbered 2,616 and were worth US$7.99 billion, a year-on-year increase of 49.6 per cent.
Separately, the National Statistics Office put estimated FDI disbursements for the 10-month period at US$24.08 billion. That marked a 13.1 per cent increase from a year earlier and the highest January–October disbursement level in five years.
