FDI flow into Vietnam hits $192.9 billion

As of December 21, Vietnam had 12,200 valid foreign direct investment (FDI) projects with a total registered capital of US$192.9 billion.

Workers assemble cars at a foreign-invested factory in Vietnam (Photo: SGGP)

Among 92 countries and territories investing in Vietnam, Taiwan (China) emerged as the largest investor with a total registered capital of US$22.8 billion.
The Republic of Korea was second with US$22.1 billion, followed by Singapore, Japan, and Malaysia with US$21.7 billion, US$20.8 billion and US$18.3 billion respectively.

FDI projects have been present in all 63 provinces and cities in Vietnam.
Ho Chi Minh City has attracted the largest investment with US$29.9 billion in 3,500 valid FDI projects, more than the southern coastal province of Ba Ria-Vung Tau, with US$26.3 billion in 255 valid projects.
During the 2006-2010 period, the country attracted 7,804 FDI projects with a total pledged capital of US$146,781 billion, of which US$44,634 billion was disbursed.
Projects licensed in this period were 1,700 more than the previous five years.
According to the Planning and Investment Ministry, FDI enterprises made a remarkable contribution to the country’s socioeconomic development during the period.
In 2010 alone, foreign investors registered capital of nearly US$18.6 billion.
Processing and manufacturing industry drew the largest amount of FDI capital with 385 new projects worth more than US$4 billion, and some US$1 billion injected into 199 operational projects.

This sector accounted for more than 27 percent of total investment capital last year.

FDI enterprises paid US$3.1 billion in taxes in 2010, an increase of 26 percent over 2009.

Excluding crude oil, the foreign-invested sector’s exports amounted to US$33.9 billion, which represented 46 percent of the nation’s total and was an increase of 40.1 percent over the same period last year.

The foreign-invested sector’s imports grew 39.9 percent to over US$36.5 billion, accounting for 42.8 percent of the nation’s total.

Among 51 countries and territories investing in Vietnam in 2010, Singapore was the largest foreign investor with US$4.35 billion, accounting for 25.2 percent of the total increased and newly pledged capital.
Netherlands ranked second with US$2.364 billion, accounting for 13.7 percent, followed by Japan with US$2.04 billion, and then the Republic of Korea, the US and Taiwan.  
Topping the list with a record investment capital of US$4 billion in 2010 was a Singapore-based company’s South Hoi An resort project in Quang Nam Province, followed by Mong Duong 2 thermo power plant worth US$2.1 billion in Quang Ninh Province, and Kobelco Vietnam Iron Nugget Company’s project worth  US$1 billion in Nghe An Province.

By A. Thu – Translated by Hoang Yen

Other news

Most view


BIDV asked to help expand investment abroad

Prime Minister Nguyen Xuan Phuc has asked the Bank for Investment and Development of Vietnam (BIDV) to continue taking the pioneer role in supporting businesses to expand investment abroad, especially in Laos and Cambodia, and become a leading commercial bank in the region.


Self - introduction

“Taste of world” buffet in Liberty Central Saigon Center

Central restaurant is located on the 3rd floor of Liberty Central Saigon City point hotel where combines the comfort of tradition with modern design for people to experience regionally-sourced cuisine and fresh local seafood, especially lunch and dinner buffet.

Stock market