16:46 (GMT +7) - Thursday 19/07/2018

Vietnam Today

1H FDI disbursement at $8.37 bn

Released at: 09:24, 02/07/2018

1H FDI disbursement at $8.37 bn

Photo: vovworld

Vietnam had 25,953 valid FDI projects with total capital of $331.24 billion as at end of first half.

by Minh Do

FDI projects were estimated to have disbursed $8.37 billion in the first half of this year, up 8.4 per cent year-on-year.

Vietnam had 25,953 valid projects as at the end of the first half, with total registered capital of $331.24 billion. Total disbursed FDI capital was estimated at $180.74 billion, or 54.6 per cent of total registered capital in valid projects.

Foreign investors have invested in 19 out of the 21 sectors in Vietnam to date, in which processing and manufacturing accounted for the highest proportion, with $189.13 billion, or 57.1 per cent of total investment capital, followed by real estate with $56.2 billion, or nearly 17 per cent, and the production and distribution of electricity, water and gas, with $21.92 billion, or 6.6 per cent.

Valid projects come from 128 countries and territories. South Korea ranks first, with total registered capital of $61.67 billion, accounting for 18.6 per cent of the total. Japan ranked second, with $55.45 billion, or 16.7 per cent, followed by Singapore, Taiwan, the British Virgin Islands, and Hong Kong.

FDI is present in all 63 cities and provinces, in which Ho Chi Minh City continued to rank top, with $45.5 billion, or 13.7 per cent of total investment capital, followed by Hanoi with $32.87 billion, or 9.9 per cent, and southern Binh Duong province with $30.74 billion, or 9.3 per cent.

Exports by the foreign investment sector (including crude oil) were $80.86 billion, up 14.8 per cent year-on-year and accounting for 71 per cent of export turnover. Exports excluding crude oil totaled $79.84 billion, up 15.8 per cent year-on-year and accounting for 70.1 per cent of the total.

Imports by the FDI sector were $65.21 billion, up 8.1 per cent year-on-year and capturing nearly 58.6 per cent of total import turnover. The trade surplus of the FDI sector was $15.65 billion including crude oil and $14.63 billion excluding crude oil.

Vietnam had 1,366 new projects granted investment certificates in the first half with total newly-registered capital of $11.8 billion, equal to 99.7 per cent of the figure in the first half of last year, while 507 projects adjusted their capital by a total of $4.43 billion, or 86.2 per cent of the figure in the first half of last year.

It saw capital contributions and share purchases made by foreign investors on 2,749 separate occasions, with capital contributions standing at nearly $4.1 billion, up 82.4 per cent year-on-year.

Total new and additional capital and capital contributed and shares purchased by foreign investors was $20.33 billion, up 5.7 per cent year-on-year.

Seventeen sectors received investment from foreign investors in the first half, in which the processing and manufacturing sector attracted much attention, with total capital of $7.91 billion, or 38.9 per cent of total registered capital.

Real estate ranked second with total investment capital of $5.54 billion, accounting for 27.3 per cent of the total, and wholesale and retail ranked third, with $1.5 billion, or 7.4 per cent.

There were 87 countries and territories with new investment projects in Vietnam in the first half.

Japan ranked first with total investment of $6.47 billion, or 31.8 per cent of the total. South Korea followed with $5.06 billion, or 24.9 per cent, and Singapore ranked third, with $2.39 billion, or 11.8 per cent.

Fifty-five cities and provinces received foreign investment in the first half, in which Hanoi attracted the most, with $5.87 billion, or 28.9 per cent. Ho Chi Minh City ranked second, with $3.68 billion, or 18.1 per cent, followed by southern Ba Ria Vung Tau province with $1.93 billion, or 9.5 per cent.

Major projects granted investment certificates in the half included:

- Smart city projects in Hai Boi, Vinh Ngoc commune, Dong Anh district, Hanoi, with total investment of $4.1 billion from Japanese investors, with the goal of building a smart city with synchronous technical infrastructure and social infrastructure city.

- A polypropylene (PP) manufacturing plant and liquefied petroleum gas (LPG) warehouse project with a total capital of $1.2 billion, from South Korea’s Hyosung Corporation in Ba Ria Vung Tau.

- A Laguna (Vietnam) Company Limited project, invested by Singaporean investors, in central Thua Thien Hue province, which increased its investment capital by $1.12 billion.

- The Hanoi Lotte Mall project, with total registered investment of $600 million from South Korean investors, with the goal of building an international standard high-end complex including a shopping center, a hotel, office space, and tourist apartments for short-term accommodation.

- The LG Innotek Hai Phong factory project from South Korean investors, with the objective of manufacturing camera modules, which increased its capital by $501 million.

User comment (0)

Send comment