Business

FDI projects disburse $9.85 billion in seven months

Foreign Direct Investment (FDI) commitments had a year-on-year rise of 4.6 percent to US $22.94 billion in the first seven months, the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment has said.

Foreign investors pour capital into 17 industries and fields; of these, the manufacturing and processing sector attracted most with a total registered capital of $9.63 billion -Photo: Cao Thang

Foreign investors pour capital into 17 industries and fields; of these, the manufacturing and processing sector attracted most with a total registered capital of $9.63 billion -Photo: Cao Thang

By July 20, 2018, foreign investors disbursed a total of US$9.85 billion, representing an increase of 8.8 per cent compared to same period last year.
Of the amount, 1,656 fresh projects increased 2 per cent year-on-year to $13.2 billion and 627 projects have registered to add more capital resulting in an increase of $4.95 billion to existing projects, or equivalent to 84 per cent of last year’s.
Around 3,331 overseas investors spent $4.79 billion on acquiring shares in Vietnamese companies, against 53.3 per cent same period last year.
In the first seven months of the year, exports of FDI sector including crude oil reached $95.13 billion, a hike of 14.6 percent compared to same period last year, accounting for 71.2 percent of revenue while imports hit $76.46 billion, a year-on-year rise of 8.5 percent, accounting for 58.5 percent of revenue.
Generally, foreign-invested businesses gained a trade surplus of approximately $18.67 billion including crude oil and $16.9 billion without crude oil.
Foreign investors poured capital into 17 industries and fields; of these, the manufacturing and processing sector attracted most with a total registered capital of $9.63 billion, accounting for 41.95 per cent of the total investment.
The real estate sector ranked the second in terms of FDI attraction, with a total investment capital of $5.6 billion accounting for 24.4 percent of the total investment while the wholesale and retail sectors, in the place of third rank, with a total registered capital of $1.69 billion accounting for 7.4 percent of total registered capital.
Some 96 countries invested in projects in the Southeast Asian country in the the first seven months. Japan topped the list, with an investment of $6.88 billion, accounting for 30 percent of the total investment.
South Korea ranked second, with a registered capital of approximately $5.46 billion, accounting for 23.8 percent of the total investment. Singapore stood at the third place, with a registered investment of $2.73 billion, accounting for 11.0 percent of the total.
Foreign investors have poured capital into 59 cities and provinces; Hanoi attracted the largest FDI projects in the first seven months, with a total registered capital of $6.17 billion, accounting for 26.9 percent of the total investment. HCMC ranked the second, with a registered capital of $4.12 billion, accounting for 17.9 percent of the total. The southern province of Ba Ria – Vung Tau ranked the third, with a registered capital of $2.15 billion, accounting for 9.4 percent of the total.

By ANH PHUONG - Translated by UYEN PHUONG

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