FDI capital to Vietnam posts 10.4 percent year on year increase

SGGP
Foreign direct investment (FDI) capital to Vietnam reached US$12.12 billion in the first five months this year, up 10.4 percent over the same period last year, reported Foreign Investment Agency.

CJ CheilJedang Corporation (CJCJ), a subsidiary of South Korean CJ Group now holds 47.33 percent share capital of Cau Tre Company (Photo: SGGP)

CJ CheilJedang Corporation (CJCJ), a subsidiary of South Korean CJ Group now holds 47.33 percent share capital of Cau Tre Company (Photo: SGGP)

The number comprises newly registered, additional capital and share purchase capital, said the Ministry of Planning and Investment’s agency.
Among these were 939 new projects with registered capital of $5.59 billion, accounting for 73.9 percent of the same period last year; 437 projects increased investment capital with additional amount totaling $4.74 billion, up 83 percent.
There were 2,061 deals of capital contribution and share purchase by foreign investors with total funds reaching $1.79 billion, making up 116.2 percent of the same period last year.
Manufacturing and processing continued to be the most attractive field luring $8.09 billion, holding 66.7 percent of total registered capital. The second and third positions went to mining, wholesale and retail.
Three largest investors comprise South Korea, Japan and Singapore.
After a month of FDI projects’ slow disbursement, the situation has been improved this month with $6.15 billion having been disbursed, a year on year increase of 6 percent.
HCMC has received nearly $90 million from two projects for the last one month. The first 53.5 million one builds Cau Tre food processing plant over 7.1 hectares in Hiep Phuoc Industrial Park, producing seafood and meat products, teas and confectionaries.
The second project in Le Minh Xuan 3 Industrial Park by Vietnam Paiho Company produces knitting fabric, wool, woven and nonwoven products, high grade garment items for sports and health.

By ANH PHUONG – Translated by Hai Mien

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