About $14.15 billion worth FDI was disbursed in the period—a rise of 8 per cent YoY, marking the highest for an eight-month period over the past five years, according to the Foreign Investment Agency under the ministry of planning and investment.
Nearly $12 billion was registered for 2,247 new projects—up by 27 per cent in value and 8.5 per cent in project number.
Additional capital for 926 existing projects topped $5.7 billion—up by 4.9 per cent and 14.8 per cent respectively.
Foreign investment through contributing capital to and buying stakes of local firms decreased by 40.9 per cent to nearly $2.81 billion, a domestic news agency reported.
Foreign investors poured money into 18 out of the 21 economic sectors, of which the manufacturing and processing industry led with nearly $14.17 billion, accounting for over 69 per cent of the total registered FDI and marking a 7.4-per cent rise YoY. It was followed by real estate ($3.36 billion) and the wholesale and retail sector ($844.9 million).
Among the 94 countries and territories investing in Vietnam during January-August, Singapore topped with over $6.79 billion, while Hong Kong ranked second with $2.4 billion, surging by 75.5 per cent and 43.7 per cent YoY respectively.
The northern province of Bac Ninh received the maximum FDI of nearly $3.47 billion, representing 16.9 per cent of the total and a 2.94-fold surge YoY. It was followed by the northern province of Quang Ninh and Ho Chi Minh City, with nearly $1.78 billion and over $1.76 billion respectively.
ALCHEMPro News Desk (DS)
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