FDI disbursement rises 9.2 percent to over $11 billion

From the beginning of the year to August 20, 2018, foreign direct investment (FDI) disbursements rose 9.2 percent year-on-year to US$11.25 billion, the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment has revealed.

FDI disbursement rises 9.2 percent to over $11 billion

In the first eight months of the year, FDI-registered capital has seen a year-on-year increase of 4.2 percent to $24.35 billion.
The country has had 1,918 newly-licensed projects worth nearly $13.48 billion, slight up 0.2 percent compared to same period last year while 736 projects registered to inject additional capital of $5.58 billion.
Foreign investors contributed capital and bought shares worth $5.28 billion, a year-on-year surge of 50.9 percent.
Foreign investors had injected their capital in 17 industries and fields during the same period. The manufacturing and processing sectors attracted the lion’s share of FDI with $10.72 billion, accounting for 44 percent of total investments.
The real estate sector came second with $5.9 billion, making up 24.2 percent of the total, while the wholesale and retail sector ranked third with $1.87 billion just 7.6 percent of the total.
Foreign investors from 97 nations and territories have poured investment in Vietnam. Japan held the position as Vietnam’s leading source of FDI with $7 billion accounting for 28.8 percent of total investments in the country, followed by South Korea with $5.16 billion or 21.2 percent and Singapore with $3.47 billion or 14 percent.
Among 59 localities, Hanoi lured the largest FDI with $5.93 billion, accounting for 24 percent of the total FDI registered in the country. Ho Chi Minh City ranked the second with $4.42 billion or 18.2 percent and the southern province of Ba Ria –Vung Tau with $2.17 billion or 8.9 percent.
In eight months, the foreign-invested sector posted an export turnover of $110.3 billion, up 13.4 percent year-on-year and making up 70.9 percent of the country’s total export value.
Export revenue excluding raw oil achieved $108.79 billion, an increase of 14.2 percent compared to same period last year and making up 70 percent of the country’s value.
Whereas foreign-invested sector rose 11.4 percent year-on-year to $90.8 billion in import revenue and accounting nearly 59.4 percent of the country’s total import value.

By ANH PHUONG - Translated by UYEN PHUONG

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