FDI reaches nearly US$22 billion

• Over US$600 million of FDI poured into property in 5 months
• UXO discovered under floor of district Party Committee’s headquarters
• Nearly $ 11 billion in FDI poured into Vietnam in first four months
• Manufacturing sector accounts for 84.9% of Q1’s FDI

Vietnam’s total FDI registered hit nearly US$22 billion during the six months leading up to July, a 52% increase over the same period last year.

The processing and manufacturing sector attracted the lion share of FDI at almost US$11 billion, accounting for more than 49% of total FDI registered, followed by electricity production and the distribution and mining sectors. 

The Republic of Korea is Vietnam’s largest foreign investor with more than US$5.6 billion of investment capital. 

An increase in foreign capital poured into joint venture and company shares was also recorded.

Thanh Hoa province was the most attractive destination for foreign investors, followed by Bac Ninh and Nam Dinh. 

FDI capital is forecast to reach US$30 billion with US$18 billion disbursed this year.