27/09/2017 10:08 GMT+7 Email Print Like 0

HCM City becomes most attractive investment destination

Hanoi, September 27 9VNA) – Ho Chi Minh City was the most attractive destination for foreign investors, luring 3.74 billion USD in the first nine months of this year, accounting for 14.6 percent of the country’s total 25.4 billion USD. 

According to the Foreign Investment Agency under the Ministry of planning and Investment, the north central province of Thanh Hoa came second with 3.15 billion USD, accounting for 12.4 percent of total FDI. 

Meanwhile, the northern province of Bac Ninh ranked third with 3.14 billion USD, or 12.3 percent of total figure, the agency reported. 

As of September 20, Vietnam attracted 25.4 billion USD in foreign direct investment (FDI) in the reviewed period, up 34.3 percent year on year. 

Of the total, 14.5 billion USD was poured into 1,844 new projects, while 6.75 billion USD was additional capital to 878 underway ones, and 4.16 billion USD was worth capital shares bought by foreign investors. 

So far this year, foreign investors invested in 18 areas, mostly in the processing and manufacturing sector with 12.64 billion USD, or 49.6 percent of total FDI. 

Production and distribution of power was the second most attractive sector, which reeled in 5.37 billion USD, followed by the wholesale and retail sector with 1.58 billion USD.