FDI capital reduces 6.8 percent year on year in 11 months

SGGP
Foreign direct investment (FDI) capital hit US$30.8 billion in the first 11 months 2018, reducing 6.8 percent over the same period last year, reported the Ministry of Planning and Investment.

The funds comprise newly registered capital, additional capital, capital contribution and share purchase from foreign investors.

Specifically, 2,714 projects were granted with investment certificates with the total capital of US$15.78 billion, down 20.3 percent over a year ago; 954 projects registered to supplement $7.4 billion, dropping 7.4 percent.

Foreign investors made 5,882 capital contributions and share purchases with the total value of $7.6 billion, increasing 44.4 percent.

The most invested field is manufacturing and processing with $14.2 billion accounting for 46.2 percent of total registered capital, followed by real estate with $6.5 billion and wholesale and retail with $3.1 billion.

A total of 108 nations and territories have invested in Vietnam. The biggest investor is Japan with $8 billion making up 25.9 percent of total investment capital. South Korea ranks second with $6.8 billion and Singapore third with $4.1 billion.

In 59 provinces and cites luring FDI investment, Hanoi attracted most with $6.3 billion accounting for 20.4 percent. It is followed by HCMC with $5.6 billion and Hai Phong city with $2.49 billion.

Despite down FDI capital, disbursement was up 3.1 percent to reach $16.5 billion.

By ANH PHUONG – Translated by Hai Mien

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