Vietnam attracts over US$ 29 billion FDI capital in first 10 months

According to the report about Foreign Direct Investment (FDI) attraction from the Ministry of Planning and Investment, the total newly registered capital, adjusted capital and capital contributed by foreign investors was US$ 29.11 billion in the first ten months of the year, an increase of 4.3 percent over the same period last year.

(Illustrative photo:SGGP)

(Illustrative photo:SGGP)

Specifically, the whole country had nearly 3,000 new projects granted investment certificate, up 26 percent, with total registered capital of US$ 12.83 billion (down compared to the same period in 2018).

Of which, the capital city of Hanoi is the leading locality nationwide in FDI attraction with a total registered capital of over US$ 6.6 billion, and Ho Chi Minh City ranked second with a registered capital of nearly US$ 5 billion. 

Besides that, there have been 1,145 projects registered to adjust investment capital by nearly US$ 5.5 billion.

There have been more than 7,500 times of capital contribution and share purchase by foreign investors with the total value of capital contribution up to US$ 10.8 billion (accounting for 37 percent of the total registered capital and increasing more than 70 percent over the same period in 2018).

Foreign investors focused on 19 industries and sectors, including the processing industries and manufacturing which attracted US$ 18.8 billion (accounting for 68 percent of total registered investment capital), real estate ranked second with nearly US$ 3 billion (accounting for 10 percent), wholesale and retail, professional activities of science and technology, etc.

Hong Kong (China) in the leading investor in Vietnam with nearly US$ 6.5 billion in term of share purchase of local businesses; followed by South Korea and Singapore with their investments of US$ 5.5 billion and US$ 4.2 billion respectively. 

BY HAN NI- Translated by Huyen Huong

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