FDI figures in Sept. show investors’ recovered confidence
18:43 | 25/09/2009
VGP - Việt Nam continues to attract over US $12.5 billion FDI in the first 9 months, according to the Foreign Investment Agency under the Ministry of Planning and Investment.

Real estate is one of sectors attracting foreign investors - Illustration photo

The country has in the first three quarters this year licensed 583 FDI projects with the total registered capital of nearly US $7.7 billion.

In the 9-month period, 168 ongoing projects have been added with nearly US $4.9 billion in total, up 7% against the same period last year.

The results indicate that foreign investors still believe in the domestic economy’s recovery and development.

Accommodation and catering services have enticed investors most, with a sum of roughly US $4.6 billion, followed by the real estates sector with nearly US $3.7 billion.

Among 38 countries and territories doing investment in Việt Nam in the 9-month period, the US is the biggest investor with nearly US $4 billion, them come Samoa (US $1.7 billion) and Taiwan (nearly US $1.4 billion).

The top FDI receivers include Bà Rịa-Vũng Tàu with nearly US $6.7 billion from January and September, Bình Dương nearly US $2.5 billion, Hồ Chí Minh City over US $1.1 billion, Hà Nội US $383 million, and Đồng Nai US $281 million.

FDI capital disbursement is estimated to stand at US $7.2 billion between January and September.

Việt Nam targets to disburse US $10 billion FDI this year.

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