16:07 (GMT +7) - Wednesday 21/08/2019

Vietnam Today

7M new FDI and additional capital slip y-o-y

Released at: 15:03, 30/07/2019

7M new FDI and additional capital slip y-o-y

Photo: Viet Tuan

FDI projects, meanwhile, disburse $10.55 billion in first seven months, up 7.1 per cent, according to latest MPI report.

by Minh Do

Total newly-registered and additional capital stood at $11.7 billion in the first seven months of 2019, down 35.6 per cent against the same period of 2018, according to the latest report from the Ministry of Planning and Investment (MPI) released on July 29.

There were 2,064 new projects granted investment licenses in the first seven months, with total newly-registered capital of nearly $8.27 billion, down 37.4 per cent year-on-year, while 791 projects added capital to the tune of $3.4 billion, down 30.6 per cent against the same period of 2018.

There were 4,387 instances of capital contributions and share purchases by foreign investors in the period, with capital contributions standing at $8.52 billion; up 77.8 per cent year-on-year.

FDI projects disbursed $10.55 billion in the first seven months, up 7.1 per cent.

Nineteen fields received investment from foreign investors, in which manufacturing and processing attracted much attention, with total capital of nearly $6.05 billion, accounting for 73.2 per cent. Real estate ranked second, with $842.7 million, accounting for 10.2 per cent, while the remaining, with $1.37 billion, or 16.6 per cent.

There were 65 countries and territories with new investment projects. China led the way, with nearly $1.78 billion, accounting for 21.6 per cent, followed by South Korea with $1.47 billion and Japan with $1.12 billion, accounting for 17.8 per cent and 13.6 per cent, respectively.

Forty-eight cities and provinces received investment in the period, in which southern Binh Duong province attracted the most, with more than $766.2 million, accounting for 9.3 per cent. Ho Chi Minh City ranked second, with more than $688.7 million, accounting for 8.3 per cent, then Tay Ninh province, with $599.4 million, or 7.25 per cent.

Exports by the foreign-invested sector (including crude oil) in the first seven months were worth $101.1 billion, up 5.6 per cent year-on-year. Exports excluding crude oil stood at $99.8 billion, up 5.7 per cent against the figure in the first seven months of 2018.

Imports by the FDI sector were $82.5 billion, up 5.3 per cent against the same period of 2018. The FDI sector therefore recorded a trade surplus in the first seven months of $18.6 billion including crude oil and $17.3 billion excluding crude oil.

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