Vietnam's FDI attraction soars in 1st half of 2017

Source: Xinhua| 2017-06-27 11:45:05|Editor: ying
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HANOI, June 27 (Xinhua) -- Vietnam lured 19.22 billion U.S. dollars in foreign direct investment (FDI) in the first half of 2017, up 54.8 percent against the same period last year.

In June alone, foreign investors have poured over 7 billion U.S. dollars into Vietnam, the Foreign Investment Agency under the Vietnamese Ministry of Planning and Investment said on Tuesday.

In the six-month period, Vietnam's processing and manufacturing sector received the largest FDI capital, with 9.5 billion U.S. dollars, accounting for 49.3 percent of the total capital registered, tailed by electricity production and distribution with 5.25 billion U.S. dollars.

Japan was the largest foreign investor of Vietnam with 5.08 billion U.S. dollars, representing 26.5 percent of total capital registered, followed by South Korea (25.8 percent) and Singapore (18.1 percent).

As of June 20, capital disbursement reached 7.72 billion U.S. dollars, up 6.5 percent year-on-year, said the agency.

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