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VOV.VN - Vietnam attracted more than US$20.5 billion in foreign direct investment (FDI) during the opening eight months of the year, representing an increase of 7% against the same period last year, according to the Foreign Investment Agency (FIA).
Foreign investors registered nearly US$12 billion in 2,247 new projects, up 8.5% in project numbers and a rise of 27% in capital. They also injected an additional of more than US$5.7 billion into 926 projects, up 14.8% and 4.9% year on year respectively. Meanwhile, capital contributions fell by 40.9% to US$2.81 billion.
Foreign financiers injected their capital into 18 out of 21 economic sectors, with processing and manufacturing attracting the largest investment of nearly US$14.17 billion, up 7.4%, followed by real estate (more than US$3.36 billion); wholesale and retail (more than US$844.9 million); and science - technology (over US$761.9 million).
Insiders pointed out that FDI capital flows into localities with many advantages such as improved infrastructure, stable human resources, simplified administrative procedures, and investment incentives.
These localities include Bac Ninh, Quang Ninh, Ho Chi Minh City, Ba Ria - Vung Tau, Hanoi, Hai Phong, Binh Duong, Dong Nai, Bac Giang, and Thai Nguyen.
Singapore, Hong Kong (China), Japan, China, and the Republic of Korea all topped the list of countries investing in the Vietnamese market, accounting for 74% of new investment projects and 77.1% of the nation’s total registered capital.