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Five-month FDI hits $8.5b

Vietnam has so far this year attracted $8.517 billion in newly registered and additional FDI capital, up 8.9 percent over the same period last year.

Of the total, $5.091 billion came from 398 newly licensed projects, up 5.8 percent, and $3.426 billion was worth of additional capital from 160 operational projects, up 14 percent.

The processing and manufacturing sector took the lead, attracting $7.6 billion in newly registered and additional capital from 191 projects, according to the Foreign Investment Agency under the Ministry of Planning and Investment.

It was followed by the real estate and wholesale, retails and repair sectors that attracted $387.7 million and $147.5 million in combined capital, respectively.

Japan topped the list of 40 foreign investors in Vietnam in the past five months, with newly registered and additional FDI capital totalling $3.693 billion, accounting for 43.4 percent of total investment in Vietnam.

Singapore came in second with $2.359 billion in FDI value and Russia ranked third with $1.015 billion.

The Foreign Investment Agency reported that $4.58 billion worth of FDI projects has been disbursed, a year-on-year increase of 1.6 percent.

FDI businesses are estimated to fetch $32.741 billion from exports(including crude oil), up 23.3 percent against the same period last year and making up 65.56 percent of the country’s total export turnover.

They imported $28.674 billion worth of commodities, up 25.4 percent and accounting for 55.29 percent of total imports.

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Source: VOV