Additional capital by foreign firms up over 24 pct in 10 months hinh anh 1Illustrative image (Photo: VNA)

Hanoi (VNA) – Foreign investors poured 23.74 billion USD in new projects, existing projects, and in contribution of capital and share purchases as of October 20, up 1.1 percent year-on-year, reported the Ministry of Planning and Investment (MPI).

Of them, 13 billion USD was newly-registered capital, up 11.6 percent; over 7.09 billion USD was added to existing projects, up 24.2 percent; and 3.63 billion USD was capital contribution, down 40.6 percent annually.

During the first ten months of this year, foreign investors disbursed 15.15 billion USD, down 4.1 percent year-on-year.

They poured capital in 18 out of 21 economic sectors, mostly in manufacturing and processing sector with 12.74 billion USD, or 53.7 percent of the total registered capital. Electricity production and distribution followed with 5.54 billion USD, real estate 2.12 billion USD, wholesale and retail over 803 million USD.

In terms of the number of new projects, manufacturing and processing, wholesale and retail, and science-technology attracted the most, accounting for a respective 33.1 percent, 27.8 percent and 16 percent of the total.

Among 97 countries and territories investing in Vietnam, Singapore took the lead with 6.77 billion USD, or 28.5 percent of total investment in Vietnam, down 9.9 percent year-on-year. It was followed by the Republic of Korea with 4.15 billion USD, up 21.3 percent and Japan with around 3.4 billion USD, up 89.9 percent.

Among 58 cities and provinces receiving FDI, the southern province of Long An topped the list with 3.68 billion USD, ahead of Ho Chi Minh City with more than 2.73 billion USD and the northern city of Hai Phong with 2.72 billion USD.

Ho Chi Minh City ranked first in terms of the number of new projects, projects with additional capital and share purchases, equivalent to 34.1 percent, 17.7 percent and 59.4 percent, respectively. The capital city of Hanoi came second in the number of new projects.

According to the MPI’s Foreign Investment Agency, the foreign-invested sector ran a trade surplus of nearly 21.2 billion USD inclusive of crude oil, and roughly 19.8 billion USD exclusive of crude oil, in nine months of this year. Meanwhile, the domestic sector posted a deficit of 23.2 billion USD./.