Foreign investment in Vietnam up slightly in 11 months

Vietnam attracted an estimated foreign investment of 26.46 billion U.S. dollars in the first 11 months of this year, up 0.1 percent year on year, the country’s General Statistics Office said Monday.

Specifically, Vietnam licensed 1,577 new foreign direct investment (FDI) projects with total registered capital of 14.06 billion U.S. dollars, down 31.8 percent in quantity but up 3.7 percent in capital year-on-year.

Among countries and regions with newly licensed investment projects in Vietnam during the period, Singapore was the largest source of registered capital with 5.35 billion U.S. dollars, followed by Japan with 2.71 billion U.S. dollars and China with 1.63 billion U.S. dollars, said the office.

Between January and November, the country also saw 877 operational FDI projects raise capital of 8.02 billion U.S. dollars in total, up 26.7 percent.

In the 11-month period, disbursed FDI capital totaled 17.1 billion U.S. dollars, down 4.2 percent year-on-year, said the office, adding that 72.8 percent were for the processing and manufacturing sector.