FDI disbursement rises 3.2% in January-September
29/09/2014
Disbursement of direct foreign investment (FDI) in Vietnam in the first nine months of 2014 rose slightly by 3.2% from the previous year to US$8.9 billion.
However, total FDI pledges during January-September dipped by 25.5% year on year to US$11.18 billion, according to the Foreign Investment Agency under the Ministry of Planning and Investment.
Revenue of exports, including oil, by FDI enterprises reached almost US$73 billion, up 14.1% and accounting for nearly two thirds of the country’s total while their imports were valued at US$60.28 billion, accounting for 56.3%.
A breakdown of sectors shows that manufacturing attracted the most FDI, making up 68.9% of total investment pledges, followed by property trading and construction.
Among 53 countries and territories investing in Vietnam in 2014, the Republic of Korea made the largest pledge of US$3.55 billion while Hong Kong and Japan came second and third with their respective pledges estimated at US$1.52 billion and US$1.43 billion.
Bac Ninh province is the largest recipient of FDI in the January-September period with US$1.36 billion, mainly contributed by the US$1 billion Samsung Display project, which raised total investment of Samsung Group in Vietnam to around US$5.5 billion.
Ho Chi Minh City and Dong Nai province followed, receiving US$1.28 billion and US$1.17 billion, respectively.
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