Vietnam has lured 19.7 billion USD in foreign direct investment (FDI) in the first 11 months of this year, according to the Ministry of Planning and Investment’s Foreign Investment Agency (FIA).
The FIA said that the new investment is a big figure in the context of the economic crisis, though it is only equivalent to 28 percent of the same period last year.
According to the FIA, with counting newly-licensed projects, the country now boasts 10,854 projects with a combined registered capital of 175 billion USD.
The foreign-invested sector in Vietnam is reported to be in recovery. The sector is estimated to have earned more than 27 billion USD from exports in the first 11 months of this year, equalling 52.5 percent of the country’s total export revenue in the period.
Accommodation and food services continue to attract the most attention from foreign investors with over 8.7 billion USD in newly-licensed capital. Following is the property business with 5.9 billion USD.
The US is taking the lead in investment in Vietnam in the period , with 8.1 billion USD in registered capital, followed by the Cayman Islands with 2.02 billion USD./.