FDI disbursement hits over 15 billion USD in ten months
Updated : Wednesday, October 31, 2018 10:24 AM (GMT+0700)

Capitaldisbursement of foreign direct investment (FDI) projects stood at 15.1 billionUSD as of October 20, up 6.3 percent year-on-year, according to the ForeignInvestment Agency (FIA) under the Ministry of Planning and Investment.

 
Illustrative image - Source: VNA

This year to October 20, thecountry granted investment certificates to 2,458 new projects with 15billion USD of registered capital, equal to 92.2 percent of the figure of thesame period of 2017, and allowed 954 existing projects to add a total of 6.5billion USD, equal to 90 percent year-on-year.

From January to October,foreign investors’ capital contribution and share purchase were valued at 6.3billion USD, tantamount to 98.8 percent of the same period last year. 

Foreign investment was pouredinto 18 sectors, with the processing and manufacturing industry absorbing themost - 13.2 billion USD, or 47.5 percent of total registered capital.

Other attractive fields werereal estate, and wholesale and retail with 5.7 billion USD and 2.3 billion USDrespectively, accounting for 20.4 percent and 8.5 percent of total investment.

As many as 105 countries andterritories have made investment in Vietnam in the period. Japan tops the listwith 7.6 billion USD, making up 27.5 percent of total investment; followed bythe Republic of Korea with 6.5 billion USD (23.4 percent); and Singapore with3.9 billion USD (14 percent).

The FIA said foreign firmsinvested in 59 cities and provinces nationwide, of which Hanoi attracted thelargest share with 6.15 billion USD, or 22 percent of total investment. Ho ChiMinh City came second with 4.6 billion USD (16.5 percent), and Ba Ria-Vung Tauranked third with 2.4 billion USD (8.8 percent).

Major projects in the reviewedperiod are a smart city project worth over 4.1 billion USD in Hai Boi commune,in Hanoi’s Dong Anh district invested by Japan’s Sumitomo Corporation; and apolypropylene (PP) plant and liquefied petroleum gas (LPG) warehouse worth 1.2billion USD in Ba Ria-Vung Tau invested by the RoK’s Hyosung Corporation.Meanwhile, the Singapore-invested Laguna resort project in Thua Thien Hue receivedan addition of 1.12 billion USD.

The FDI sector exported 143.4billion USD worth of goods in the period, including crude oil, showing ayear-on-year rise of 13.2 percent and making up nearly 72.2 percent of the country’stotal export turnover.

Source:VNA 

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