FDI inflow in first ten months

16:54 | 26/10/2014

VGP – Viet Nam attracted US$ 13.7 billion of foreign direct investment (FDI) in the first ten months, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.

As of October 20, the country granted investment licenses to 1,306 new projects worth US$ 9.95 billion and 469 projects expanded investments capital.

Especially, Samsung Electronics’ investment story in Viet Nam has begun a new chapter when the company last week received an investment certificate for the firm’s new $1.4 billion electronics facility in Ho Chi Minh City.

The new project, named Samsung CE Complex, will feature research, development, and production of hi-tech consumer electronics products and equipment, the South Korea electronics firm announced.

Meanwhile, Belgium’s Rent-A-Port poured some US$259.4 million in a project in the Northern city of Hai Phong.

Statistics show that the Republic of Korea was the largest investor in Viet Nam with total investment of US$3.6 billion, followed by Singapore with US$ 2.64 billion.

HCMC was the most attractive FDI destination by luring US$ 2.85 billion, accounting for 20.8% of the total FDI inflow.

The FIA also reported that disbursed FDI volume rose 5.9% to US$ 10.15 billion in the reviewed period./.

By Kim Anh