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Vietnam Today

9M FDI disbursement at $14.2bn

Released at: 11:04, 30/09/2019

9M FDI disbursement at $14.2bn

Photo: Viet Tuan

FDI projects disbursed $14.2 billion in first nine months of this year, up 7.3%, 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 $26.16 billion in the first nine months of 2019, up 3.1 per cent against the same period of 2018, according to the latest report from the Ministry of Planning and Investment (MPI) released on September 27.

There were 2,759 new projects granted investment licenses in the first nine months, with total newly-registered capital of nearly $10.97 billion, down 22.3 per cent year-on-year, while 1,037 projects added capital to the tune of $4.8 billion, down 13.6 per cent against the same period of 2018.

There were 6,502 instances of capital contributions and share purchases by foreign investors in the period, with capital contributions standing at $10.4 billion, up 82.3 per cent year-on-year.

FDI projects disbursed $14.2 billion in the first nine months, up 7.3 per cent.

Nineteen fields received investment from foreign investors, in which manufacturing and processing attracted much attention, with total capital of nearly $18.09 billion, accounting for 69.1 per cent. Real estate ranked second, with $2.77 billion, accounting for 10.6 per cent, while wholesale and retail ranked third, with $1.4 billion, or 5.4 per cent.

There were 109 countries and territories with new investment projects. South Korea led the way, with nearly $2.09 billion, accounting for 19 per cent, followed by China with $2.02 billion and Japan with $1.58 billion, accounting for 18.4 per cent and 14.4 per cent, respectively.

Fifty-nine cities and provinces received investment in the period, in which Hanoi attracted the most, with more than $6.15 billion, accounting for 23.5 per cent. Ho Chi Minh City ranked second, with more than $4.52 billion, accounting for 17.3 per cent, then southern Binh Duong province, with $2.52 billion, or 9.6 per cent.

Exports by the foreign-invested sector (including crude oil) in the first nine months were worth $134.73 billion, up 5 per cent year-on-year. Exports excluding crude oil stood at $133.21 billion, up 5.1 per cent.

Imports by the FDI sector were $109.45 billion, up 5.5 per cent against the same period of 2018. The FDI sector therefore recorded a trade surplus in the first nine months of $25.28 billion including crude oil and $23.76 billion excluding crude oil.

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