Foreign Direct Investment (FDI) hit US$14.36 billion in the first eight months of this year, up 7.7% year on year, according to the Foreign Investment Agency under the Ministry of Planning and Investment (MPI).
The amount included US$9.79 billion from 1,619 FDI newly-registered projects, an increase of 24.3% from the same period last year. The rest came from 770 adjusted projects.The manufacturing and processing industry recorded 678 new projects and 551 adjusted ones, with a total FDI of US$10.53 billion, accounting for 73.3% of total investment in the period.
It was followed by real estate, with 34 new projects and a combined new and adjusted capital of US$836.2 million. The Republic of Korea continues to be the leading source of foreign investment in Vietnam, with US$4.8 billion, accounting for 33.4% of the total nation’s FDI. Singapore and Japan ranked second and third, with US$1.68 billion or 11.6% and US$1.46 billion or 10.1%, respectively.Disbursement of FDI could reach a total of US$9.8 billion in the first eight months of 2016, a year-on increase of 8.9%, the agency reported.
According to the Ministry of Planning and Investment, FDI is expected to post a growth of 10-15% over 2015 and disbursement is to reach US$15 billion this year.
