ASEAN KEY DESTINATIONS
Vietnamese FDI disbursement rises
During the 11 month-period, the nation attracted $13.3 billion in FDI, down 40 per cent against the same period last year. The country had set a target of drawing $22-25 billion in FDI this year.
74 new foreign-invested projects were licensed in November, worth a combined US$512 million. However, there was no change in additional investment to existing this month compared to the previous month which saw $420 million invested in 57 ongoing projects, the FIA noted.
The Netherlands remained the leading source of foreign investment in Viet Nam with $2.32 billion, followed by South Korea with $2.28 billion and the U.S. with $1.92 billion.
Over the 11 month period, the processing and manufacturing sector attracted the largest share of FDI, accounting for $4.37 billion. Production, air-conditioning, electricity and water distribution contributed $2.94 billion, while the real estate sector ranked third, hitting $2.85 billion.
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