Overview of FDI in Vietnam by the end of November 2016
Vietnam still proves to be a promising land for FDI. For the first 11 months of 2016, the country attracted more than $18 billion worth of investment.
According to the Department of Foreign Investment, in the first 11 months of 2016, foreign investors invested in 19 different sectors in Vietnam. Among those, industrial processing and fabrication sector captured great interest from the investors with 907 and 766 registered projects.
By the end of November 2016, the total amount of added capital from both implemented and newly registered FDI in the country reached $18 billion. Specifically, 2,240 new projects are licensed with the total capital investment of $13 billion and 1,075 current projects increased their total investment with an augmented capital of $5 billion.
For the first eleven months in 2016, 68 countries and territories invested in Vietnam. With the total added investment capital of $5 billion, Korea took the lead by capturing one thirds of the total foreign capital invested in Vietnam. Singapore and Japan ranked second and third with the total added investment of $2.05 billion and $1.95 billion.
Regarding the location choices, foreign investors poured capital in 54 provinces across Vietnam. Among those, Hai Phong (Nothern Vietnam) is the most attractive for FDI with 45 new projects and 35 added-capital projects, totalling $2.74 billion. Binh Duong ranked second with $1.93 billion, followed by Dong Nai ($1.87 billion), Hanoi ($1.84 billion) and Ho Chi Minh City ($1.2 billion).
Source: 1, 2