Vietnam Attracts Nearly US$22 Bln in FDI in First Seven Months

The figure was reported by the Foreign Investment Agency under the Ministry of Planning and Investment.

Disbursed capital was estimated to reach US$9.05 billion in the period, up 5.8 per cent year on year. 98 out of 122 countries and territories with existing investment projects in Vietnam invested in Vietnam. South Korea topped the list with US$5.62 billion, accounting for 25.63 per cent of the total foreign investment value, followed by Japan with US$5.46 billion, or 24.92 per cent of the total. Singapore came third with US$3.8 billion, accounting for 17.3 per cent of the total value.

In the January - July period, Vietnam had 72,953 business start-ups with a total registered capital of VND690.7 trillion, up 13.8 per cent in unit and 39 per cent in value over the same period in 2016. In the opposite direction, it witnessed 6,608 companies completing dissolution procedures, up 2.9 per cent over the same period of last year. Of the sum, 6,104 companies had a registered capital of less than VND10 billion, accounting for 92.4 per cent of total bankruptcies.

(Source: VCCI)