Vietnam foreign investment up 66 percent

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Foreign direct investment for the year was worth US$19.23 billion as of October 20, a whopping 66 percent rise year-on-year, Foreign Investment Agency data showed.

The figure exceeded the full-year target of $13-14 billion last month.

Nearly 70 percent of the investment, or $13.1 billion, is in 1,050 new projects. The amount of money represents a year-on-year increase of 80 percent.

Manufacturing and processing attracted the largest FDI -- of $14.9 billion, which accounts for more than 77 percent of the total.

The investors are from 52 nations and territories, with Japan topping the list with a quarter of the entire amount, followed by South Korea (21 percent), and Singapore (20 percent).

The northern province of Thai Nguyen improved one place from last month to become the top FDI locality after Samsung pledged $1.2 billion for a plant.

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