Registered FDI capital in Vietnam exceeds US$20.2 billion

SGGP
In comparison with the same period last year, foreign direct investment (FDI) capital in Vietnam in the first seven months of this year dropped by 12 percent. 

Real estate sector ranks second in FDI attraction. (Photo: SGGP)

Real estate sector ranks second in FDI attraction. (Photo: SGGP)

Newly-registered and additional FDI capital declined while capital contribution and purchase of shares sharply jumped by nearly 78 percent.


According to the Foreign Investment Agency under the Ministry of Planning and Investment, in the first seven months of this year, total registered foreign investment capital exceeded US$20.2 billion. Of which, there were 2,064 newly-registered projects with total investment of nearly $8.3 billion and 791 projects asking to add total additional capital of $3.42 billion. Capital contribution and purchase of shares of 4,387 projects were worth more than $8.52 billion. Implemented FDI capital since the beginning of this year exceeded $10.5 billion.


Industrial processing and manufacturing still attracted most FDI capital, followed by real estate and wholesale, retail and repair of automobiles and motorbikes. 


Noticeably, lately, Vietnam and the EU officially signed the EU-Vietnam Free Trade Agreement and the EU-Vietnam Investment Protection Agreement (EVIPA). The EVIPA is expected to boost FDI capital from the EU to Vietnam as the EU’s investment liberalization into Vietnam will be increased, especially in some specialized services, finance, telecommunications, transport and distribution.

By Anh Phuong – Translated by Thuy Doan

Other news