Foreign investment hits US$11.57 billion

Vietnam has attracted more than USD11.57 billion  in foreign direct investment (FDI) since the beginning of this year, a year-on-year drop of 12.3 percent.

Of the figure, USD10.79 billion came from 658 newly-licensed projects, up 41 percent year-on-year in value, and USD787 million  from 143 operational projects, down 85.8 percent in terms of capital compared to the same period last year.

In August alone, the country licensed 125 projects with a combined registered capital of USD2.47 billion  and permitted six others to add USD72 million  to their existing investments, reported the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.

As many as USD850 million of FDI were disbursed in August, bringing the total amount so far this year to USD7.25 billion, a year-on-year rise of 3.6 percent, according to the FIA.

During the January-August period, the FDI-invested sector earned USD23.96 billion  from exports and spent USD22.37 billion on imports, year-on-year rise of 26.6 percent and 43.6 percent, respectively.

Vietnam expects to attract between USD22-25 billion in FDI this year.

Source: VietnamPlus

Other news

Most view

Banking-finance

VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


Economy

185 leading domestic & in't enterprises join in VN ETE 2018

The Vietnam Exhibition of Electrical Technology and Equipment (Vietnam ETE 2018) and the Exhibition of Products, Technologies for Energy Saving and Green Power (ENERTEC EXPO 2018) yesterday kicked off in HCMC’s Saigon Exhibition Convention Center in district 7.

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

SAS profits VND 118bln

The Southern Airports Service Joint Stock Company (Sasco) which is listed under code SAS on the Unlisted Public Company Market (UPCoM), announced its second quarter’s financial report with net revenue at VND 634.5billion, an increase of 14 percent compared to last year.