Vietnam attracts US$25.37 billion FDI capital in nine months

9/27/2018 - 4:53:55 PM

Vietnam has attracted US$25.37 billion worth of FDI capital in the first nine months of this year, or 99.6% of last year’s figure, the Foreign Investment Agency (FIA), under the Ministry of Planning and Investment, has announced.

Manufacturing remains the most attractive industry for foreign investors. (Illustrative photo: VNA)

During January-September, FDI disbursement reached US$13.25 billion, an annual increase of 6% compared to the same period of 2017.

As of September 20, a total of 2,182 new foreign-invested projects, worth US$14.1 billion, were granted licences, while 841 projects registered to increase their capital by a total of US$5.5 billion.

Vietnam also posted nearly US$5.7 billion worth of capital contribution and share purchases, up 36.8% compared to the corresponding period last year.

Manufacturing remains the most attractive industry for foreign investors, having attracted US$11.3 billion, accounting for 44.6% of the total registered FDI capital, followed by real estate with a total registered capital of US$5.8 billion, while wholesale and retail sales came in third with a total registered capital of US$2.1 billion.

Of the 104 countries and territories supplying FDI to Vietnam, Japan remained the largest source of foreign investment. Japanese investors registered to invest US$7 billion, making up 28% of the total FDI.

The Republic of Korea came second, pumping in US$5.6 billion or 22.4% of the total FDI, followed by Singapore with US$3.6.

Hanoi, Ho Chi Minh City and Ba Ria - Vung Tau attracted the largest amount of FDI capital during the period, with a total registered capital of US$5.8 billion, US$4.2 billion and US$2.1 billion, respectively.

Source: NDO

Yen Tri commune plans to turn medicinal herbs into OCOP products

Maximizing local potential and advantages, Yen Tri commune in Yen Thuy district is actively promoting the cultivation of medicinal herbs and turning medicinal herbs into One Commune - One Product (OCOP) products.

Hoa Binh promotes overseas, domestic employment opportunities

Situated at the gateway to the Northwest, Hoa Binh province has a population of over 900,000, including about 540,000 of working age. It is home to 6,000 businesses and production facilities, providing employment for over 100,000 workers. The remaining workforce is engaged in informal jobs, works in enterprises outside the province, or contributes to agro-forestry-fisheries. Additionally, around 3,000 workers are employed abroad.

Department of Home Affairs, Hoa Binh city top PAR, SIPAS indices

The Hoa Binh provincial People's Committee has issued Decision No. 2767/QD-UBND announcing the rankings of departments, agencies, districts and Hoa Binh city in the Public Administration Reform Index (PAR) and the Satisfaction Index of Public Administration Services (SIPAS) in 2024.

Mai Chau district expands farming of Dam Xanh fish

The cultivation of Dam Xanh fish (Bangana lemassoni), a unique fish species, has seen remarkable growth in Mai Chau district, thanks to its high economic value and effectiveness. Initially concentrated in Van Mai commune, farming has now extended to four other communes, namely Mai Hich, Mai Ha, Chieng Chau, and Son Thuy. These areas benefit from pristine underground water flowing from mountain crevices, providing ideal conditions for raising this specialty fish.

Hoa Binh province: The total state budget revenue in 2024 is estimated at approximately VND 6,930 billion

In 2024, the total state budget revenue of Hoa Binh Province is estimated at approximately VND 6,930 billion, achieving 183% of the Government’s target, 126% of the target assigned by the Provincial People's Council, and 145% compared to the same period last year.

Hoa Binh province - prosperity attracting investment

In 2024, Hoa Binh province has shown signs of improvement in attracting investment and developing enterprises.