Vietnam reports year on year increase in FDI capital

Vietnam attracted 1,219 foreign direct investment (FDI) projects from early 2015 to August 20 with registered capital nearing US$7.9 billion, according to the General Statistics Office.

Japanese company MTEX in Tan Thuan Export Processing Zone, Cu Chi district, HCMC (Photo: SGGP)

Investors of 389 projects supplemented an extra of US$5.5 billion of investment capital, taking the total number to US$13.4 billion, up 30.4 percent over the same period last year.

Disbursement rate moved up 7.6 percent to reach US$8.5 billion.

South Korea was the largest investor in Vietnam, followed by the United Kingdom and Turkey.

In August, trade deficit approximated US$100 million, raising the eight month number to US$3.6 billion, accounting for 3.4 percent of export import turnover.

Domestic sector created a trade deficit of up to US$13 billion, a hike of 44 percent compared to US$9 billion in the same period last year.

FDI sector brought a trade surplus of US$9.4 billion.

The crude oil price drop will further lower export turnover. Export growth has been lower than import, which is considered to be a big pressure on trade deficit control target in the remaining of 2015, the office warned.

By Anh Thu – Translated by Hai Mien

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