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FDI disbursement rises in 11 months
Disbursement of foreign direct investment (FDI) in the first 11 months of this year increased by 9.9 per cent over to the same period last year to reach US$9.95 billion, according to the Foreign Investment Agency (FIA).
During the 11 month-period, the nation attracted $13.3 billion in FDI, down 40 per cent against the same period last year. The country had set a target of drawing $22-25 billion in FDI this year.
74 new foreign-invested projects were licensed in November, worth a combined $512 million.
However, there was no change in additional investment to existing this month compared to the previous month which saw $420 million invested in 57 ongoing projects, the FIA noted.
The Netherlands remained the leading source of foreign investment in Viet Nam with $2.32 billion, followed by South Korea with $2.28 billion and the US with $1.92 billion.
Over the 11 month period, the processing and manufacturing sector attracted the largest share of FDI, accounting for $4.37 billion. Production, air-conditioning, electricity and water distribution contributed $2.94 billion, while the real estate sector ranked third, hitting $2.85 billion.
vietnamnews
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