FDI capital to Vietnam posts 10.4 percent year on year increase

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

Other news

Most view

A guava field in Can Tho (Photo: KK)

APEC 2017 Food Security Week opens in Can Tho

The APEC 2017 Food Security Week and High-Level Policy Dialogue on Enhancing Food Security and Sustainable Agriculture in Response to Climate Change will be held in the Mekong Delta city of Can Tho on August 18-25.



Rice export target set at 5.2 million tonnes in 2017

The Vietnam Food Association (VFA) aims to ship 2 million tonnes of rice to foreign countries in the last five months of the year, increasing total rice export for the whole year to 5.2 million tonnes, up 6 percent year-on-year.

Self - introduction

Stock market

VPBank prepares for listing on HOSE

The Ho Chi Minh City Stock Exchange (HOSE) said over 1.33 billion shares of Vietnam Prosperity Joint Stock Commercial Bank (VPBank) will officially be listed on the HOSE, code VPB, from August 17 with the reference price of VND 39,000 per share.