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Vietnam Today

Nearly 2,000 new FDI projects licensed in 8M

Released at: 16:23, 28/08/2018

Nearly 2,000 new FDI projects licensed in 8M

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1,918 new FDI projects granted investment licenses in first eight months, with total capital of $13.48 billion.

by Hai My

There were 1,918 new FDI projects granted investment licenses in the first eight months of 2018, with total newly-registered capital of $13.48 billion, up 736 projects and 0.2 per cent over the same period of 2017, according to the Foreign Investment Agency (FIA) at the Ministry of Planning and Investment. Additional capital totaled $5.58 billion, or 87.2 per cent of the figure in the same period last year.

Total new and additional capital and share purchases by foreign investors was $24.35 billion, up 4.2 per cent.

FDI projects had disbursed $11.25 billion as at August 20, a 9.2 per cent increase.

Manufacturing and processing attracted the most attention from foreign investors, with total capital of $10.72 billion, accounting for 44 per cent of all registered capital.

Real estate followed, with total capital of $5.9 billion, accounting for 24.2 per cent. Third was wholesale and retail, with $1.87 billion, or 7.6 per cent.

Japan was the largest investor in the period, with total capital of $7 billion, accounting for 28.8 per cent of all capital, followed by South Korea with $5.16 billion and Singapore with $3.47 billion.

Foreign investors invested in 59 of Vietnam’s cities and provinces, in which Hanoi attracted the most, with $5.93 billion, or 24.4 per cent, then Ho Chi Minh City with $4.42 billion or 18.2 per cent and Ba Ria Vung Tau with $2.17 billion or 8.9 per cent.

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