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Vietnam Today

10M disbursed FDI up 6.3%

Released at: 16:54, 30/10/2018

10M disbursed FDI up 6.3%

Photo: vov.vn

Foreign Investment Agency releases investment figures for first ten months.

by Nghi Do

FDI projects were estimated to have disbursed $15.1 billion this year as at October 20, a 6.3 per cent increase over the same period of 2017, according to the latest report from the Foreign Investment Agency at the Ministry of Planning and Investment.

Exports by the foreign-invested sector (including crude oil) totaled $143.4 billion, up 13.2 per cent and accounting for nearly 72.2 per cent of export turnover. Exports excluding crude oil were $141.6 billion, up 13.9 per cent and accounting for 70.8 per cent of the total.

Imports by the FDI sector totaled $116.3 billion, up 11.7 per cent year-on-year and capturing 60 per cent of import turnover. The trade surplus of the FDI sector was $27.1 billion including crude oil and $25.2 billion excluding.

As at October 20, 2,458 new projects had been granted investment certificates this year with total newly-registered capital of $15 billion, equal to 92.2 per cent of the figure recorded in the same period of 2017, while 954 projects registered to adjust their capital by a total of $6.5 billion, or 90 per cent of the figure in the same period of 2017.

Foreign investors made 5,342 capital contributions and share purchase worth a total of $6.3 billion, up 35.8 per cent year-on-year.

Total newly-registered and additional capital and capital contribution and shares purchases by foreign investors was $27.9 billion, equal to 98.8 per cent of the figure in the same period of 2017.

Foreign investors invested in 18 fields in the first ten months of the year, in which the processing and manufacturing sector attracted much attention from foreign investors, with total capital of $13.2 billion, or 47.5 per cent of the total. Real estate followed, with $5.7 billion, or 20.4 per cent, then wholesale and retail with $2.3 billion, or 8.5 per cent.

There were 105 countries and territories registering investment projects in Vietnam during the period. Japan led the way with investment of $7.6 billion, or 27.5 per cent of the total, then South Korea with $6.5 billion, or 23.4 per cent, and Singapore with $3.9 billion, or 14 per cent.

In the first ten months, 59 cities and provinces received investment from foreign investors, in which Hanoi attracted the most with a total of $6.15 billion, or 22 per cent of the total. Ho Chi Minh City was second, with $4.6 billion, or 16.5 per cent, followed by southern Ba Ria Vung Tau province with $2.4 billion, or 8.8 per cent.

Foreign investors have invested in 19 out of 21 branches in the national economic classification system, of which processing and manufacturing accounted for the highest proportion, with $192.8 billion, or 57.3 per cent of the total, followed by real estate with $57 billion, or 17 per cent, and the production and distribution of electricity, gas and water with $22.8 billion, or 6.7 per cent.

There are 129 countries and territories with valid investment projects in Vietnam. South Korea ranks first, with a total of $62.1 billion, or 18.4 per cent, then Japan with $56.2 billion, or 16.7 per cent, and Singapore, Taiwan, the British Virgin Islands, and Hong Kong.

FDI projects are found in all 63 cities and provinces, in which Ho Chi Minh City continued to have the most, with $44.9 billion, or 13.3 per cent of the total, followed by Hanoi with nearly $32.9 billion, or 9.8 per cent, and southern Binh Duong province with $30.6 billion, or 9.1 per cent.

Vietnamese investment abroad

There were 121 projects granted new investment certificates overseas in the first ten months of 2018 with total investment of $297.3 million. Twenty-six overseas projects adjusted their capital by a total of $47.1 million.

Total new and additional investment abroad stood at $344.4 million.

Banking and finance ranked first in overseas investment, with new and additional registered capital totaling $105.7 million, or 30.7 per cent of the total. Agriculture, forestry, and fisheries followed, with $68.4 million, or 19.8 per cent, then processing and manufacturing with $45.8 million, or 13.3 per cent.

Thirty-five countries and territories received investment from Vietnam, led by Laos, with $97.6 million, accounting for 28.3 per cent of the total. Australia ranked second, with $50.2 million, or 14.5 per cent, then Slovakia with $35.9 million, or 10.4 per cent, followed by Cambodia, Cuba, and Myanmar.

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