17:03 (GMT +7) - Wednesday 13/11/2019

Vietnam Today

8M FDI disbursement up 6.3% y-o-y

Released at: 13:38, 28/08/2019

8M FDI disbursement up 6.3% y-o-y

Photo: Viet Tuan

FDI projects disburse $11.96 billion in first eight months of 2019, according to latest MPI report.

by Minh Do

Total newly-registered and additional capital and capital contributions and shares purchased by foreign investors stood at $22.63 billion in the first eight months of 2019, down 7 per cent against the same period of 2018, according to the latest report from the Ministry of Planning and Investment (MPI) released on August 28.

There were 2,406 new projects granted investment licenses in the first eight months, with total newly-registered capital of nearly $9.13 billion, down 32 per cent year-on-year, while 908 projects added capital to the tune of $4 billion, down 28.3 per cent against the same period of 2018.

There were 5,235 instances of capital contributions and share purchases by foreign investors in the period, with capital contributions standing at $9.5 billion, up 80 per cent year-on-year.

FDI projects disbursed $11.96 billion in the first eight months, up 6.3 per cent.

Nineteen fields received investment from foreign investors, in which manufacturing and processing attracted much attention, with total capital of nearly $15.74 billion, accounting for 69.6 per cent. Real estate ranked second, with $2.31 billion, accounting for 10.2 per cent, while wholesale and retail ranked third, with $1.19 billion, or 5.2 per cent.

There were 103 countries and territories with new investment projects. China led the way, with nearly $1.87 billion, accounting for 20.5 per cent, followed by South Korea with $1.72 billion and Japan with $1.18 billion, accounting for 18.8 per cent and 12.9 per cent, respectively.

Fifty-six cities and provinces received investment in the period, in which southern Binh Duong province attracted the most, with more than $790.3 million, accounting for 8.6 per cent. Ho Chi Minh City ranked second, with more than $754 million, accounting for 8.2 per cent, then southern Dong Nai province, with $639.3 million, or 7 per cent.

Exports by the foreign-invested sector (including crude oil) in the first eight months were worth $117.9 billion, up 4.6 per cent year-on-year. Exports excluding crude oil stood at $116.5 billion, up 4.7 per cent.

Imports by the FDI sector were $96.1 billion, up 4.8 per cent against the same period of 2018. The FDI sector therefore recorded a trade surplus in the first eight months of $21.8 billion including crude oil and $20.4 billion excluding crude oil.

User comment (0)

Send comment