FDI disbursement reaches $9 billion

Capital disbursement in foreign invested projects in the first 10 months was estimated to reach US$9 billion, up 7.1 percent over the same period last year, despite a decline in foreign direct investment (FDI), according to the General Statistics Office.

Capital disbursement in foreign invested projects in the first 10 months was estimated to reach US$9 billion, up 7.1 percent over the same period last year, despite a decline in foreign direct investment (FDI), according to the General Statistics Office.

At the wholly Japan-invested Canon factory in North Thang Long Industrial Park in Hanoi.
At the wholly Japan-invested Canon factory in North Thang Long Industrial Park in Hanoi.

The year's target of FDI disbursement is $10-11 billion.

In October alone, FDI disbursement hit $950 million, up $50 million against the average monthly disbursement rate of about $900 million since the beginning of this year.

The country attracted $12.8 billion in FDI in the past ten months.

Of the figure, $11.6 billion came from 759 newly-licensed projects, down 19.1 percent and 28.8 percent year-on-year in terms of quantity and value respectively, and $1.2 billion from 210 operational projects.

The figure was far below the year’s target of $22-25 billion.

The Netherlands topped the list of countries investing in Vietnam, with total investments of $2.227 billion. South Korea was second, with $2.142 billion, followed by the US with $1.924 billion.

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