Registered foreign direct investment in Vietnam reached $28.85 billion in the year through November 20, up 14.8% year-on-year, while disbursed capital hit $20.25 billion, up 2.9% and a record high in five years.
The total registered FDI included registered capital for new projects, additional capital for ongoing projects and capital contribution for stake acquisitions, according to the Ministry of Planning and Investment.
About $16.41 billion was pledged for 2,865 new projects, up 42.4% and 58.1% year-on-year respectively.
Over $6.47 billion of additional capital went to 1,152 ongoing projects, down 32.1% in value but up 15.9% in the number of projects.
Capital contributions reached $5.97 billion in 3,166 stake acquisition deals, up 46.4% and down 4%, respectively.
Disbursed capital reached $20.25 billion in the 11-month period, up 2.9% year-on-year and up 0.5 percentage points over January-October. This is a record high for the 11-month period in five years.
Among sectors, manufacturing-processing topped the registered FDI chart with $20.97 billion, or 72.71% of the total, up 40.2% year-on-year.
Other leading sectors were real estate business with $2.87 billion, or 10% of the total, and down 44.8% year-on-year; banking-finance-insurance with $1.54 billion, up 58.5%; and wholesale-retail with $1.04 billion, up 12.9%.
Singapore was the biggest investor with $5.15 billion, or 17.8% of the total, down 10.9% year-on-year; followed by Hong Kong with $4.33 billion, down 15%; South Korea with $4.17 billion, up 1.2%.
The leading FDI recipients in the 11-month period were northern province of Quang Ninh with $3.11 billion, up 42.3% year-on-year; Ho Chi Minh City with $3.08 billion, down 12.9%; the northern city of Hai Phong with $2.87 billion, up 57.1%; the northern province of Bac Giang with $2.72 billion, up 153.5%; and the capital city of Hanoi with $2.69 billion, up 77.1%.
As of November 20, Vietnam had 38,844 valid foreign investment projects with a total registered capital of $462.4 billion. Total disbursement reached $294.2 billion, or 63.6% of the registered capital.