Vietnam is estimated to attract foreign direct investment (FDI) of nearly 5.3 billion US dollars in the first 11 months of this year, surging 40.3 percent over the same period last year.

Of the total FDI, roughly 1.7 billion dollars is estimated to go into operational projects and 3.6 billion dollars into newly licensed ones, the Foreign Investment Department under the country 's Ministry of Planning and Investment said on Monday.

During the period, foreign invested enterprises'revenues are estimated at 20.2 billion dollars, up 26.6 percent over the same period last year.

To lure more FDI, Vietnam is reinforcing FDI promotion, encouraging investment in the high technology field, and building a clearer legal system, the department official said, adding that the country is expected to attract 5.4 billion dollars this year, and 5.5 billion dollars next year.

As of Oct. 20, Vietnam houses 5,774 operational FDI projects with total registered capital of 49.1 billion dollars. The construction and industry sector accounts for 67 percent of the projects and 60 percent of registered capital, followed by the service sector with the respective figures of 20 percent and 33 percent.

Source: Xinhua