FDI in eight months hit over US$47 billion

Nhan Dan - Vietnam has attracted US$47.15 billion in foreign direct investment including both new registered capital and additional investment by available FDI projects in the first eight months of this year, up 4.5 times compared to the same period last year, the Ministry of Planning and Investment's Department of Foreign Investment has announced.

In August alone, 118 projects with a total registered capital of US$1.8 billion have been licensed, bringing the total number of new projects licensed so far this year to 772 with total registered capital of US$46.3 billion, equivalent to 79.2% of number of projects and up five times in registered capital against the same period last year.

In the meantime, a total of 210 available FDI projects have increased their investment by an additional US$833 million.

In the January-August period, FDI enterprises' total implemented capital has hit US$8 billion, up 42.9% year-on-year.

FDI enterprises have also reported positive performance as their total revenue is estimated at US$30.4 billion, up 33% year-on-year. They have contributed an estimated US$1.4 billion to the State budget, up 33.5% compared to the same period last year.

Source: Nhan Dan News

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