HANOI: Foreign direct investment (FDI) disbursement in Vietnam was estimated at US$17.3 billion in the first nine months of this year, the highest in the past five years, according to the latest statistics from the Ministry of Planning and Investment.
FDI flows continue to concentrate in provinces and cities with advantages in attracting foreign investment, such as good infrastructure, stable human resources, efforts to reform administrative procedures, and dynamic investment promotion, Vietnam News Agency reported on Friday (Oct 4).
The country's total registered foreign investment, including new capital, adjustments, and capital contributions via share purchases, exceeded $24.78 billion during the cited period, up 11.6 per cent year-on-year.
Foreign capital reached about $4.26 billion in September alone, making up 17.2 per cent of the total for the nine months and the largest monthly amount this year.
Vietnam received investments from 98 nations and territories by the end of September.
With $7.35 billion, Singapore topped the list while China came in second with nearly $3.2 billion.
In terms of new projects, China ranked first, accounting for 29.3 per cent of the total, said the report.- Xinhua
