FDI slightly rises in August

VGP – Foreign direct investment (FDI) in August reached US $7.3 billion, up by 1% against the same period last year, reported the General Statistics Office on Friday.

August 26, 2011 3:57 PM GMT+7

As many as 168 projects pledged to increase investment capital beside 582 newly-registered projects.

The FDI sector continued to enjoy a high growth rate in exports, earning an estimated value of US $32.6 billion or a year-on-year increase of 34%.

Of the sector, processing and manufacturing industries took the lead in FDI attraction with 263 new projects, followed by the production and distribution of electricity-water-and air-conditioners, and construction.

In August, Hong Kong (China) became the biggest foreign investor in Việt Nam with an additional and newly-pledged capital of nearly US $2.9 billion, accounting for 30.3% of the total FDI volume into the Southeast Asian country.

Singapore and the Republic of Korea ranked second and third, respectively, the GSO said.

The northern province of Hải Dương lured approximately US $2.5 billion, making it the top locality in terms of FDI attraction, followed by Hồ Chí Minh City (US $1.65 billion and Bà Rịa – Vũng Tàu (nearly US$580 million).

By Hải Minh