The Foreign Investment Agency under the Ministry of Planning and Investment said that around $9.1 billion of FDI has been disbursed, up 1 per cent over the same period last year.

 

861 new projects with a total registered capital of nearly $8.9 billion and 264 additional capital projects worth nearly $2.4 billion have been licenced in the past 10 months.

 

Processing and manufacturing industries still attract many foreign investors’ attention with 362 new projects and 190 additional capital projects valued at more than $5.6 billion.

 

They are followed by electricity generation and distribution worth over $2.5 billion and construction projects capitalised at $712 million.

 

Hong Kong ranks first among foreign investors in Vietnam with $2.98 billion investment capital (accounting for 26.4 per cent of the total FDI capital), followed by Singapore with $1.55 billion (13.8 per cent) and Japan with $1.31 billion (11.6 per cent).

 

Hai Duong leads cities and provinces in attracting FDI with nearly $2.56 billion, or 22.7 per cent of the country’s total investment capital.

 

FDI sector exports, including oil and gas, are estimated at $43.2 billion in the past 10 months, a year-on-year increase of 38 per cent, while imports reached $38.29 billion, an increase of 29 per cent.

 

Recently, some FDI businesses that have borrowed capital from credit organisations in Vietnam are operating inefficiently. Some foreign investors have run away, badly affecting credit organisations and the investment environment in Vietnam.

 

The government has now asked organisations to apply stricter control over foreign currencies and FDI management.