Statistics released by the Department of Foreign Investment, under the Ministry of Planning and Investment, revealed that Vietnam attracted nearly USD35.9 billion in foreign direct investment (FDI) in 2017.

By December 20, there were 2,591 newly licensed projects with the total registered capital reaching USD21.27 billion, a 42.3% increase compared to the same period last year. In addition, 1,188 existing projects were also granted additional capital reaching USD8.41 billion, an annual increase of 49.2%.

The processing industry and manufacturing sector continued to attract the largest FDI with registered capital worth USD15.87 billion, accounting for 44.2% of the total registered capital. Of which, there were 955 new projects and 517 projects which were granted additional capital.

Manufacturing and the distribution of electricity ranked second with over USD8.37 billion in FDI, accounting for 23.3%, followed by real estate with registered capital worth nearly USD3.05 billion, accounting for 8.5%.

Among the 115 countries and territories that have invested in Vietnam, Japan was the country’s leading FDI source with USD9.11 billion, accounting for 25.4% of the total FDI in Vietnam. It was followed by the Republic of Korea, with over USD8.49 billion, accounting for 23.7%; and Singapore at USD5.3, and 14.8%.

Among 59 localities, Ho Chi Minh City, northern Bac Ninh province, and the central province of Thanh Hoa were the most attractive destinations for foreign investors.

Source: http://en.nhandan.com.vn