Meanwhile, 461 projects received additional capital of US$6.11 billion, posting a year-on-year increase of 72.6%.

As much as US$9.65 billion of FDI was disbursed in the reviewed period. The figure surged by 8.4% against the same period last year.

Biggest FDI projects included the US$2.4 billion Duyen Hai 2 thermal power plant in Tra Vinh (Malaysian investor); the US$3 billion Samsung Display Viet Nam in Bac Ninh province (RoK investor); and the US$1.2 billion observation tower complex project of the Empire City Limited Liability Company in HCMC (UK investor).

Foreign investors participated in 17 fields of which the processing and manufacturing industries were the most attractive destination with US$11.36 billion of FDI (accounting for 66.3% of total registered capital).

Electricity production and distribution ranked second with US$2.6 billion of FDI, accounting for 15.3% and real estate followed with US$1.81 billion.

The Republic of Korea was the biggest FDI investor by pouring a total of US$5.74 billion (or 33.5% of total investment); followed by Malaysia with US$2.4 billion (14.6%); and the UK with US$1.27 billion (7.4%).

The northern province of Bac Ninh was the most charming locality by absorbing US$3.34 billion of FDI (over 20% of capital); followed by HCMC with US$2.61 billion (US$15.2%); Tra Vinh with US$2.52 billion (14.7%).  

The MoIT also reported that as of late September, export turnover met 73.2% of the year target (US$165 billion).

The FDI sector (excluding crude oil) held 68%. Meanwhile, overseas shipment of domestic enterprises was on the decline.  

The MoIT attributed the drop in oil prices to export growth rates in the first nine months and September (9.6% and 14.6% respectively).

The Import and Export Department under the MoIT forecast that overseas shipment activities would enjoy favourable conditions in the rest of the year thanks to better industrial growth and interest rates.

However, the Department also proposed stronger export via trade promotion activities, expansion of market shares, and application of trade defence measures with a view to meeting the goals of 10% export growth rate and US$6 billion trade deficit./.

Source: Chinhphu.vn