Newly-licensed large-scale projects spurred 9-month foreign direct investment (FDI) registered in Viet Nam to soar 53.4% year-on-year to 17.15 billion USD in the first 9 months.

The large-scale projects receiving licences in the reviewed period included Malaysia-invested Duyen Hai 2 thermo-electricity in southern Tra Vinh province capitalised at 2.4 billion USD and the 3 billion USD-expansion of Korean Samsung Display's project in Bac Ninh Industrial Zone.

Construction of LG plant in Trang Due industrial park, Hai Phong City. (Photo: VNA)

As of September 20, the country granted investment licences to 1,432 new foreign-invested projects worth 11.03 billion USD, up 44.5% over the same period last year. Meanwhile, it also allowed 461 operating projects to raise their capital by 6.11 billion USD, surging 72.6 %year-on-year.

During the period, the disbursement of FDI also witnessed a yearly encouraging rise of 8.4% to 9.65 billion USD.

In the period, foreign investors invested in 49 provinces and cities, with the Republic of Korea remaining the investment leader, followed by the UK, British Virgin Islands, and Hong Kong (China).

Manufacturing and processing retained their most attractiveness, and real estate came in second.

(Source: VNA)