03:39 (GMT +7) - Saturday 23/06/2018

Vietnam Today

5M new and additional FDI capital down 31%

Released at: 16:25, 30/05/2018

5M new and additional FDI capital down 31%

Illustrative image from fia.mpi.gov.vn

Newly-licensed and additional FDI capital totals nearly $7.2 billion in first five months of 2018.

by My Van

According to the latest report from the General Statistics Office, total newly-licensed FDI and additional capital reached nearly $7.2 billion in the first five months of 2018, down 31 per cent year-on-year.

South Korea was the largest investor during the period, with more than $1 billion in capital and accounting for 22 per cent of the total, followed by Japan, Thailand, and Singapore.

Forty-three cities and provinces licensed FDI projects, with Ho Chi Minh City leading the way with over $540 million, representing 12 per cent of the total, followed by Hanoi and southern Binh Duong and Dong Nai provinces.

Manufacturing received the largest amount, with newly-licensed capital of $2.3 billion, accounting for 49 per cent of the total.

The production and distribution of electricity and gas followed, with $898 million, or 19 per cent of the total. Real estate was third, with more than $623 million, or 13 per cent.

Regarding overseas investment, Vietnamese enterprises invested nearly $185 million in the first five months, primarily in the fields of banking and finance, manufacturing and processing, and agriculture, forestry and fisheries.

Laos received 43 per cent of investment capital, Cambodia 17.5 per cent, and Cuba 11 per cent.

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