Vietnam to lure $17.33b FDI in 11 months

HANOI, Nov 24 (Xinhua): Vietnam is expected to lure some US$17. 33 billion from foreign direct investment (FDI) in the first eleven months of 2014, down 16.7 per cent year-on-year, the government said on Monday.
In the 11 months, said the Foreign Investment Agency under the Ministry of Planning and Investment, a total of $11.2 billion is estimated to be disbursed, up 6.2 per cent year-on-year.
As of November 20, Vietnam had 1,427 newly licensed projects with a total registered capital of $13.41 billion while some $3.92 billion is added to 515 projects.
Manufacturing and processing are likely to remain the top attractive sectors to foreign investors with 689 projects and $13.15 billion, accounting for 75.9 per cent of the total FDI during the 11-month period.
Real estate business is forecast to rank second with 32 newly registered projects and $1.27 billion, accounting for 7.3 per cent of the eleven-month FDI.
The construction sector followed with a total registered and added capital of $1.02 billion, accounting for 5.9 per cent of the total FDI.
So far this year, some 60 countries and regions have had projects in Vietnam. Among those, South Korea is expected to top other FDI contributors with a total registered and added capital of $6.82 billion, accounting for 39.4 per cent of the national total.