Actual FDI in Vietnam has already surpassed the 2015 amount.
Actual foreign direct investment (FDI) in Vietnam reached an estimated $16 billion year to November 20, representing a year-on-year increase of 11.9% and beating a record made in 2015, the Foreign Investment Agency under the Ministry of Planning and Investment has said in a monthly report.
FDI inflows to the Southeast Asian country hit a record high of $15.8 billion in 2016.
During the 11-month period, overseas investors committed to invest a total of $33.09 billion in greenfield projects, existing projects and stake acquisitions, leaping 82.8% from a year earlier.
Of the amount, FDI pledges for fresh projects increased 52% to $19.8 billion, for existing projects up 57.6% to nearly $8 billion, and for stake acquisition up 57.6% to $5.29 billion.
Processing and manufacturing remained the most appealing sector when attracting $14.95 billion, accounting for 45.2% of the total. The runners-up were the electricity production and distribution and real estate industries.
Among 112 countries and territories investing in Vietnam, Japan surged to take the lead from South Korea when investing $8.94 billion. South Korea came second with $8.18 billion and Singapore followed with $4.69 billion.
The Vietnamese government is highly likely to meet its economic growth target of 6.7% this year, putting Vietnam among the fastest-growing economies in Asia. A 6.5-6.7% growth target is set for 2018.
(http://bizlive.vn)
