The FDI mainly came from new projects, additional investment capital and buying stake, the Ministry of Planning and Investment’s Foreign Investment Agency reported. Specifically, the ministry licensed 2,293 new projects worth US$19.8 billion, up 52% compared with the same period last year.
Some 1,100 available projects raised investment capital with total value of US$8 billion, posting a year-on-year increase of 57.6%. Foreign investors also contributed capital or bought stake with total value of US$5.29 billion, up 57.6%.
The Foreign Investment Agency estimated foreign direct investment projects disbursed US$16 billion, up 11.9% over the same period in 2016.
During the period, the processing and manufacturing sectors received the highest capital with US$14.95 billion, equivalent to 45.2% of the total. It was followed by electricity production and distribution and real estate business, with total values of US$8.37 billion and US$2.5 billion, respectively.
Of a total 112 countries and territories investing in Vietnam, Japan led with total investment capital of US$8.94 billion USD, 27% of the total, followed by the Republic of Korea and Singapore with total registered capital of US$8.18 billion and US$4.69 billion, accounting for 24.7% and 14.2% of total investment, respectively.
Of the 59 provinces and cities where foreign investors have put in capital, HCM City has attracted the most foreign investment capital, with total registered capital of US$5.68 billion, accounting for 17.2% of the total investment capital.
Bac Ninh province ranked second with total registered capital of US$3.28 billion, 9.9% of the total. Thanh Hoa province ranked third with total registered capital of US$3.16 billion, equivalent to 9.5% of total investment.