Registered FDI in Vietnam hits 17-year high in January-October

As of October 31, the country had licensed 3,478 new foreign-invested projects with a total registered capital of $30.73 billion, up 4.7 percent in the number of projects, while registered capital more than doubled year on year, local media reported.

The processing and manufacturing sector led new FDI attraction with $14.6 billion, accounting for 47.5 percent of the total newly registered capital.

It was followed by transportation and warehousing with $5.15 billion, while other sectors attracted a combined $10.98 billion.

Meanwhile, 1,079 existing projects licensed in previous years registered additional investment capital totaling $16.13 billion, up 33.2 percent year on year.

Foreign investors also made 2,616 capital contributions and share purchases worth a combined $7.99 billion, surging 49.6 percent from the same period last year.

Among the 80 countries and territories with newly licensed investment projects in Vietnam during the 10-month period, Singapore was the largest investor, with $9.52 billion, making up nearly one-third of the total newly registered capital.

It was followed by South Korea with $5.81 billion, Luxembourg with $4.99 billion, Hong Kong with $3.57 billion, and mainland China with $2.77 billion.

The National Statistics Office also reported that disbursed FDI in Vietnam was estimated at $24.08 billion in the 10 months, up 13.1 percent year on year.

This was the highest disbursed FDI recorded in the same 10-month period over the past five years.