China Ranks Third among Foreign Direct Investors in Vietnam in Q1
Brief: China invested a total of 823.6 million U.S. dollars in Vietnam in the first quarter of 2017, being the third largest foreign direct investor of the country.
China invested a total of 823.6 million U.S. dollars in Vietnam in the first quarter of 2017, being the third largest foreign direct investor of the country, reported the Vietnam's Foreign Investment Agency on Friday.
Accordingly, China accounted for 10.86 percent of the total registered foreign direct investment (FDI) poured into Vietnam in the first three months (Q1).
South Korea was the largest foreign investor of Vietnam with 3.74 billion U.S. dollars, accounting for 48.62 percent of the total registered capital in the mentioned period, tailed by Singapore with 910.8 million U.S. dollars and 11.81 percent, respectively.
In the first three months, Vietnam attracted 7.71 billion U.S. dollars in FDI, up 77.6 percent year-on-year, while disbursement reached 3.62 billion U.S. dollars, up 3.4 percent against the same period last year, said the agency.
The manufacturing sector received the largest FDI capital, with 6.54 billion U.S. dollars, accounting for 84.9 percent of the total capital registered in Q1, followed by the real estate sector with 343.69 million U.S. dollars and 4.4 percent, respectively.
As of March 20, 2017, Vietnam has had a total of 23,071 valid FDI projects with 300.7 billion U.S. dollars pledged, of which 158.45 billion U.S. dollars had been disbursed, said the agency, which is under the Vietnam Ministry of Planning and Investment.