28/07/2015 16:17 GMT+7 Email Print Like 0

FDI down 8 percent this year to 8.8 billion USD

Hanoi, July 28 (VNA) – Vietnam has attracted 8.8 billion USD in foreign direct investment in the year-to-date, an 8 percent fall year-on-year, the Ministry of Planning and Investment's Foreign Investment Agency reported.

In the first seven months 1,068 new foreign projects with an investment of 6.92 billion USD received investment certificates, marginally up in money terms from last year.

What has dragged down the overall FDI figure is a steep 29.8 percent fall in capital augmentation by operational foreign companies as 341 of them applied to bring in an additional 1.88 billion USD.

Most of the FDI flowed into 16 sectors, including processing, manufacturing, and real estate.

The Republic of Korea remained the top investor followed by the UK.

FDI disbursement in the past seven months reached 7.4 billion USD, up 8.8 percent over the same period of last year.

HCM City was the most attractive destination as 2.4 billion USD found its way there. It was followed by the neighbouring provinces of Binh Duong with 1.11 billion USD and Dong Nai with 1.1 billion USD.

Exports by foreign businesses jumped by 15.1 percent to nearly 64.7 billion USD. Their imports grew even faster – by 23.1 percent to 56.7 billion USD.
VNA/VNP