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Vietnam Today

FDI disbursement hits new record

Released at: 19:47, 25/12/2017

FDI disbursement hits new record

Illustrative image (Source: vafie.org.vn)

$17.5 billion disbursed this year as at December 20.

by My Van

The Foreign Investment Agency (FIA) at the Ministry of Planning and Investment has announced that disbursement of foreign direct investment (FDI) had reached a new record for this year as at December 20, of $17.5 billion, up 10.8 per cent year-on-year.

After standing at $11-12 billion for a number of years, last year’s figure of $15.8 billion was a record. The continued increase this year proves that Vietnam remains an attractive investment destination.

Total foreign investment capital in Vietnam, including newly-registered, added, and capital contributed by foreign investors, is at $35.88 billion for the year, up 44.4 per cent year-on-year.

Some 2,591 new projects were granted investment licenses with total registered capital of $21.27 billion, up 42.3 per cent year-on-year.

There were also 1,188 existing projects adding capital totaling $8.41 billion, up 49.2 per cent year-on-year.

Data from the FIA also show that 115 countries and territories have investment projects in Vietnam. Japan ranked first, with total investment of $9.11 billion, accounting for 25.4 per cent of the total, followed by South Korea with $8.49 billion, or 23.7 per cent, and Singapore with $5.3 billion, or 14.8 per cent.

Manufacturing and processing continued to attract substantial attention from foreign investors, with total capital of $15.87 billion, accounting for 44.2 per cent of the total. Power production and distribution followed, with $8.37 billion, or 23.3 per cent, then real estate, with $3.05 billion, or 8.5 per cent.

Many large-scale projects have been granted investment licenses this year, which explains the rapid increase.

There were three build-operate-transfer (BOT) projects licensed in the power sector: the Nghi Son Thermal Power Plant 2 in north-central Thanh Hoa province, with $2.79 billion from Japanese investors, the Van Phong 1 Thermal Power Plant in south-central Khanh Hoa province, with capital of $2.58 billion from Japanese investors, and the Nam Dinh 1 Thermal Power Plant Project in northern Thai Binh province, with total capital of $2.07 billion from Singaporean investors.

In addition, Samsung Display Vietnam in northern Bac Ninh province increased its investment capital to $2.5 billion, the Lo Mon B gas pipeline project saw investment increase to $1.27 billion, and the Intelligent Complex Project in the Thu Thiem New Urban Area in District 2, Ho Chi Minh City, increased capital to $885.85 million.

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