Capital contribution, share purchase of foreign investors increase heavily

SGGP
Although newly-registered foreign direct investment (FDI) capital touched US$9.1 billion, down 32 percent and additional capital was at $3.9 billion, down 28.6 percent, capital contribution and purchase of shares hit $9.5 billion, up 82 percent compared to that in 2018.

Capital contribution, share purchase of foreign investors increase heavily

Brief report by the Foreign Investment Agency under the Ministry of Planning and Investment said that in the first eight months of this year, total newly-registered foreign investment capital, additional investment capital, capital contribution and purchase of shares reached $22.6 billion, down nearly 7 percent over the same period last year. There were 2,406 newly-licensed projects, 908 projects asking to increase investment capital and 5,235 turns of capital contribution and purchase of shares across the country.

Of which, newly-registered FDI capital attained US$9.1 billion, a sharp decline of 32 percent; additional capital was $3.9 billion, a drop of 28.6 percent. However, capital contribution and purchase of shares saw a strong increase of 82 percent over last year to $9.5 billion.

In the first eight months of this year, it is estimated that FDI projects have disbursed $12 billion, up 7.1 percent over the same period last year.

As for import-export of foreign-invested sector, export turnover including crude oil in the first eight months of this year reached $117.9 billion, slightly increased over the same period last year. If excluding crude oil, export turnover was $116.5 billion. Meanwhile, import turnover of foreign-invested sector touched $96.1 billion, up 4.8 percent.

By August 20 this year, there were 132 countries and territories investing in Vietnam with 29,532 projects worth $353.7 billion. South Korea was the largest investor, followed by Japan, Singapore and Taiwan (China).

A few days ago, General Secretary, President of Vietnam Nguyen Phu Trong promulgated the Resolution No.50-NQ/TW of the Politburo on direction to complete regulations and policies to improve quality and effectiveness of foreign investment until 2030. Accordingly, the country aims to get around $150-$200 billion of registered foreign investment and $100-$150 billion of implemented capital in the period from 2021 to 2025.

By Anh Phuong – Translated by Thuy Doan

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