Illustrative image (Source: VNA) Hanoi (VNA) – Foreign investors poured 26.16 billion USD into Vietnam in the first nine months of this year, up 3.1 percent over the same period in 2019, according to the General Statistics Office. Of the figure, 10.97 billion USD was invested in nearly 2,760 new projects, down 22.3 percent in terms of the capital and up 26.4 percent in the number of projects year on year. Approximately 4.79 billion USD was pledged to existing projects, equivalent to 86.4 percent of the value from a year ago. Foreign firms spent 10.4 billion USD on capital contributions and share purchases in Vietnam during the period, representing a year-on-year increase of 82.3 percent. The nine-month foreign direct investment (FDI) disbursement was estimated at 14.22 billion percent, up 7.3 percent year on year. Processing and manufacturing remained the most attractive sector to foreign investors during the January-September period, drawing 18.09 billion USD, making up … [Read more...] about Vietnam lures over 26 billion USD of FDI in nine months
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Hanoi most attractive to foreign investors in nine months
A view of Hanoi from Truc Bach lake (Photo: VNA) Hanoi (VNA) – Hanoi led 59 cities and provinces receiving foreign direct investment (FDI) in the first nine months of this year by luring 6.15 billion USD, or 23.5 percent of the total FDI that Vietnam got in the period. According to the General Statistics Office (GSO), Hanoi was followed by Ho Chi Minh City with 4.52 billion USD, accounting for 17.3 percent of the total FDI. The southern industrial hub of Binh Duong came third with 2.52 billion USD, accounting for 9.6 percent of the total FDI flowed into Vietnam so far this year. The GSO reported that Vietnam attracted 26.16 billion USD in the first nine months of this year, up 3.1 percent over the same period in 2019. Of the figure, 10.97 billion USD was poured into nearly 2,760 new projects, up 26.4 percent in the number of projects and down 22.3 percent in terms of the capital year on year. Approximately 4.79 billion USD was pledged to existing projects, just equivalent to … [Read more...] about Hanoi most attractive to foreign investors in nine months
PM urges greater efforts to complete yearly targets
Prime Minister Nguyen Xuan Phuc speaks at the Cabinet meeting. (Photo: VNA) Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc on October 2 called for greater efforts in the last three months of 2019 to complete the yearly targets, thus creating the premise for 2020 when Party congresses at all levels will be organised, towards the 13th National Party Congress. Speaking at the Government’s regular meeting, PM Phuc informed Cabinet members about the country’s socio-economic achievements in the January-September period, with gross domestic product (GDP) expanding 6.98 percent – the highest level over the past nine years. Total investment in society increased 1.3 percent, especially in the non-State and private sectors, he said, adding that the amount of disbursed foreign direct investment (FDI) reached a record of some 14.22 billion USD. According to the leader, state budget collection rose 10.3 percent year-on-year. Meanwhile, the country’s trade surplus was … [Read more...] about PM urges greater efforts to complete yearly targets