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Vietnam Today

FDI capital at $35.4bn in 2018

Released at: 11:16, 26/12/2018

FDI capital at $35.4bn in 2018

Photo: Viet Tuan

Figure down slightly against 2017, according to latest MPI report.

by Minh Do

FDI projects disbursed $19.1 billion in capital in 2018, up 9.1 per cent against 2017, according to the latest report from the Ministry of Planning and Investment (MPI) released on December 24.

Total newly-registered and additional capital and capital contributions and shares purchased by foreign investors stood at $35.4 billion in 2018, equal to 98.8 per cent of the figure in 2017.

As at December 20, 3,046 new projects had been granted investment licenses this year with total newly-registered capital of nearly $18 billion, equal to 84.5 per cent of the figure in 2017, while 1,169 projects added capital to the tune of $7.6 billion, equal to 90.3 per cent of the figure in 2017.

There were 6,496 instances of capital contributions and share purchases by foreign investors in the period, with capital contributions standing at $9.9 billion, up 59.8 per cent year-on-year.

Eighteen fields received investment from foreign investors during the year, in which processing and manufacturing attracted much attention, with total capital of nearly $16.6 billion, accounting for 46.7 per cent of all capital. Real estate ranked second, with $6.6 billion, accounting for 18.6 per cent, then wholesale and retail, with nearly $3.7 billion, or 10.3 per cent.

There are 112 countries and territories with investment projects in Vietnam this year. Japan led the way, with nearly $8.6 billion, making up 24.2 per cent of the total. South Korea followed, with $7.2 billion, or 14.2 per cent.

Fifty-nine cities and provinces received investment in 2018, in which Hanoi attracted the most, with $7.5 billion, or 21.2 per cent of the total. Ho Chi Minh City ranked second, with $5.9 billion, or 16.7 per cent, then northern Hai Phong city, with $3.1 billion, or 8.7 per cent.

As at December 20, Vietnam had 27,353 valid projects with total registered capital of $340.1 billion. Disbursed capital totaled an estimated $191.4 billion, or 56.2 per cent.

Foreign investors have invested in 19 out of 21 sectors, in which processing and manufacturing accounted for the highest, with $195.3 billion, making up 57.4 per cent of the total, followed by real estate with $57.9 billion, or 17 per cent, then the production and distribution of electricity, gas and water, with $23 billion, or 6.7 per cent.

There are 130 countries and territories with valid investment projects. South Korea ranks first, with $62.5 billion, or 18.3 per cent of the total. Japan followed, with $57 billion, or 16.7 per cent, followed by Singapore, Taiwan, the British Virgin Islands, and Hong Kong.

FDI projects are found in all 63 cities and provinces around the country, in which Ho Chi Minh City continues to rank top, with $45 billion, or 13.2 per cent of the total, followed by Hanoi with nearly $33.1 billion, or 9.7 per cent, and southern Binh Duong province, with $31.7 billion, or 9.3 per cent.

Exports by the foreign-invested sector (including crude oil) were $175.5 billion, up 12.9 per cent year-on-year and accounting for nearly 71.7 per cent of the total. Exports excluding crude oil stood at $173.2 billion, up 13.6 per cent year-on-year and accounting for 70.7 per cent of the total.

Imports by the FDI sector were $142.7 billion, up 11.6 per cent year-on-year and capturing 60.1 per cent of total import turnover. The FDI sector therefore recorded a trade surplus of $32.8 billion including crude oil and $30.5 billion excluding crude oil.

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