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

Other news

Most view

185 leading domestic & in't enterprises join in VN ETE 2018

185 leading domestic & in't enterprises join in VN ETE 2018

The Vietnam Exhibition of Electrical Technology and Equipment (Vietnam ETE 2018) and the Exhibition of Products, Technologies for Energy Saving and Green Power (ENERTEC EXPO 2018) yesterday kicked off in HCMC’s Saigon Exhibition Convention Center in district 7.

Banking-finance

VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

SAS profits VND 118bln

The Southern Airports Service Joint Stock Company (Sasco) which is listed under code SAS on the Unlisted Public Company Market (UPCoM), announced its second quarter’s financial report with net revenue at VND 634.5billion, an increase of 14 percent compared to last year.