FDI inflow reaches almost 12.7 billion USD

Vietnam has attracted almost 12.7 billion USD in foreign direct investment (FDI) in the first 11 months of 2011, equivalent to 83.8 percent of the sum drawn in the same period last year.

According to the General Statistics Office (GSO), 9.9 billion USD of the amount came from 919 newly licensed projects and the remaining 2.8 billion USD was from additions to the existing 324 projects.

Processing and manufacturing industries still attracted the largest amount of FDI, accounting for 6.2 billion USD, followed by production and distribution of electricity, gas and air conditioners, with 2.5 billion USD, and construction industry, 1.1 billion USD.

In the past 11 months, among 48 provinces and cities which had new FDI projects, Hai Duong province took the lead with 2.5 billion USD, making up 25.2 percent of the total capital. Ho Chi Minh City and Ba Ria – Vung Tau province followed with 1.9 billion USD and 880.8 million USD, respectively.

Of 52 countries and territories investing in Vietnam , the largest investor was Hong Kong , with 2.9 billion USD.

The GSO reported that the disbursed sum of FDI in the reviewed period hit 10.1 billion USD, up 1 percent year-on-year./.

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