Vietnam attracted US$11.57 billion in foreign direct investment (FDI) in the first eight months of this year, a year-on-year reduction of 12.3%, according to the Foreign Investment Department under the Ministry of Planning and Investment.

Of the total, US$10.79 billion came from 658 newly-licensed projects, up 41% in value but down 10% in the number of projects compared to the same period last year. 143 projects registered to increase their capital with a total supplemental capital of US$787 million, down 46.6% in the number of projects and 85.8% in the amount of capital against the same period last year.

In the January – August period, the processing industry and manufacturing sector attracted US$3.66 billion in FDI, the biggest share (31.6%) of the above-said US$11.57 billion. It was followed by the production and distribution of power, gas, water and air conditioners with US$2.94 billion (25.4%), and real estate with US$2.39 billion.

US$850 million worth of FDI was disbursed in August, bringing the total implemented FDI so far this year to US$7.25 billion, a year-on-year increase of 3.6%.

Rol.vn - Source: Vietnam Net