21:46 (GMT +7) - Tuesday 17/09/2019

Vietnam Today

FDI eases in 1H

Released at: 11:35, 25/06/2019

FDI eases in 1H

Photo: Viet Tuan (VET)

Total down 9.1% year-on-year in first half, 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 $18.47 billion in the first half of 2019, down 9.1 per cent against the same period of 2018, according to the latest report from the Ministry of Planning and Investment (MPI) released on June 25.

There were 1,723 new projects granted investment licenses in the first half, with total newly-registered capital of nearly $7.41 billion, down 37.2 per cent year-on-year, while 628 projects added capital to the tune of $2.94 billion, down 33.6 per cent against the same period of 2018.

There were 4,020 instances of capital contributions and share purchases by foreign investors in the period, with capital contributions standing at $8.12 billion; up 98 per cent year-on-year and accounting for 44 per cent of total capital.

FDI projects disbursed $9.1 billion in the first six months, up 8.7 per cent.

Nineteen fields received investment from foreign investors, in which manufacturing and processing attracted much attention, with total capital of nearly $13.15 billion, accounting for 71.2 per cent. Real estate ranked second, with $1.38 billion, accounting for 7.2 per cent, while wholesale and retail ranked third, with $1.05 billion, or 5.7 per cent.

There were 95 countries and territories with new investment projects. Hong Kong again led the way, with nearly $5.3 billion, accounting for 28.7 per cent, followed by South Korea with $2.73 billion and China with $2.29 billion, accounting for 14.8 per cent and 12.4 per cent, respectively.

Fifty-five cities and provinces received investment in the period, in which Hanoi attracted the most, with more than $4.87 billion, accounting for 26.4 per cent. Ho Chi Minh City ranked second, with more than $3.09 billion, accounting for 16.7 per cent, then southern Binh Duong province, with $1.37 billion, or 7.4 per cent.

Exports by the foreign-invested sector (including crude oil) in the first six months were worth $85.9 billion, up 5.9 per cent year-on-year and accounting for 70 per cent of the total. Exports excluding crude oil stood at $84.87 billion, up 6 per cent against the figure in the first six months of 2018 and accounting for 69.1 per cent of the total.

Imports by the FDI sector were $70.22 billion, up 7.8 per cent against the same period of 2018 and capturing 57.2 per cent of total import turnover. The FDI sector therefore recorded a trade surplus in the first six months of $15.68 billion including crude oil and $12.73 billion excluding crude oil.

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