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FDI disbursement in Vietnam in 9 months highest in 5 years

HANOI, Oct. 4 (Xinhua) — Foreign direct investment (FDI) disbursement in Vietnam was estimated at 17.3 billion U.S. dollars in the first nine months of this year, the highest in the past five years, according to the latest statistics from the Ministry of Planning and Investment.
FDI flows continue to concentrate in provinces and cities with advantages in attracting foreign investment, such as good infrastructure, stable human resources, efforts to reform administrative procedures, and dynamic investment promotion, Vietnam News Agency reported Friday.
The country’s total registered foreign investment, including new capital, adjustments, and capital contributions via share purchases, exceeded 24.78 billion dollars during the cited period, up 11.6 percent year-on-year.
Foreign capital reached about 4.26 billion dollars in September alone, making up 17.2 percent of the total for the nine months and the largest monthly amount this year.
Vietnam received investments from 98 nations and territories by the end of September.
With 7.35 billion dollars, Singapore topped the list while China came in second with nearly 3.2 billion dollars.
In terms of new projects, China ranked first, accounting for 29.3 percent of the total, said the report. ■

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