Registered foreign direct investment (FDI) will surpass $20 billion threshold this year, the Ministry of Planning and Investment (MoPI) forecast.

In the first 10 months of this year, Vietnam attracted US$19.23 billion of FDI (both newly registered and added capital), rising 65.% on year. FDI disbursement also rose to $10 billion in the period, up 6.4% from a year ago, MoPI said, providing that this year's FDI inflows mainly poured into industrial production industry while the registered figures into real estate sector is very small.

Of note, about half of FDI inflows into Vietnam in the period focused on 7 major projects with registered capital from $1 billion. So far this year, Samsung alone has invested total of $4.2 billion capital into Thai Nguyen and Bac Ninh provinces.

Source: StoxPlus