More than 1.38 billion USD in foreign direct investment (FDI) was poured into the northern port city of Hai Phong during January-August, a year-on-year increase of 99.34 percent.

 

The money was injected into 94 projects, 64 of which were newly granted projects and the remainders were capital adjustment ones.

 

Japan and the Republic of Korea continued the largest investors in the city.

 

From the outset of the year, Vietnam granted investment licences to 1,918 new projects with a total registered capital of 13.48 billion USD, up 0.2 percent year-on-year, and allowed 736 existing projects to increase their capital to a total of 5.58 billion USD, equal to 87.2 percent year-on-year.

 

Foreign investors contributed capital and purchased shares of 5.28 billion USD, a year-on-year increase of 50.9 percent.

 

The FDI sector exported 110.3 billion USD worth of goods, including crude oil, showing a year-on-year rise of 13.4 percent and making up nearly 70.9 percent of the country’s total export turnover.

 

Foreign investment was poured into 17 sectors, mainly in the processing and manufacturing industry with 10.72 billion USD, or 44 percent of the total registered investment.

 

Other attractive fields were real estate, and wholesale and retail with 5.9 billion USD and 1.87 billion USD respectively, accounting for 24.2 percent and 7.6 percent of the total investment.-VNA/VNP