The country records over 900 foreign-invested projects with a total registered capital of more than 5.7 billion USD in the first seven months of the year (Photo: VNA)
Hanoi (VNA) – The total new registered, adjusted capital and capital contribution for share purchase in Vietnam topped 15.4 billion USD in seven months of this year, up 93% annually. Of which, 11.6 billion USD were disbursed, up 10.2%.
According to the Ministry of Planning and Investment (MPI), the amounts of adjusted capital and capital contribution rose by 59% and nearly 26%, respectively.
Specifically, the country recorded more than 900 new projects, down 7.9% year-on-year with a total capital of over 5.7 billion USD, down 43.5 percent. Nearly 580 projects registered capital adjustment, marking an annual rise of 3.2 percent, with a value of over 7.2 billion USD, and capital contribution topped 2.6 billion USD.
According to the MPI’s Foreign Investment Agency, though the newly registered capital has yet to fully recover due to the harmful impacts of COVID-19 pandemic, additional capital, capital contribution and share purchases were on the rise. This shows that foreign investors continue to put trust in Vietnam’s economy and investment environment. Many of them even decided to expand their existing projects.
Foreign investors invested in 18 out of 21 economic sectors. Manufacturing and processing industry took the lead with a total capital of over 10 billion USD, or 64.3% of the total. Real estate came second with more than 3.21 billion USD, equivalent to 20.7%. Coming next were sci-tech and information & communications with 526 million USD and 465 million USD, respectively.
In the past seven months, 88 countries and territories invested in Vietnam. Singapore was the biggest investor with 4.3 billion USD, or 27.7% of the total. The Republic of Korea was the second largest with around 3.3 billion USD, accounting for about 21%. With the Lego project worth over 1.3 billion USD, Denmark ranked third with nearly 1.32 billion USD, making up 8.5% of the combined.
Foreign investors were also operating in 51 cities and provinces nationwide. The southern province of Binh Duong was the biggest source of FDI with some 2.6 billion USD, or 16.7% of the total registered capital. Ho Chi Minh City came next with more than 2.43 billion USD, or 15.6%. It was followed by the northern province of Bac Ninh with over 1.68 billion USD, equivalent to 10.8%.
The foreign-invested sector’s exports also hiked again during the period, amounting to over 160 billion USD (inclusive of crude oil), up 16.5%, or 73.7% of the total exports. Exports exclusive of crude oil neared 158.9 billion USD, marking a year-on-year rise of 16.2%, or 73% of the total.
Their imports moved up 14.7% to around 140.73 billion USD, accounting for 64.7% of the country’s total.
Accordingly, the sector posted a trade surplus of nearly 19.6 billion USD inclusive of crude oil and 18.17 billion USD exclusive of crude oil. Meanwhile, domestic firms ran a deficit of some 19.4 billion USD.
During the period, Vietnam sent nearly 358.76 million USD abroad for investment, or 62.9% annually. Of which, the registered capital rose 2.2 times annually to over 313.8 million USD while additional capital reached more than 44.9 million USD, or 10.6% year-on-year.
According to a survey conducted by the General Statistics Office (GSO), up to 85% of enterprises in the processing-manufacturing and construction sectors expected better and stable business situation in the third quarter of this year, while only 15% predicted that the situation may be tougher.
GSO’s quarterly production and business prospect survey covers 6,500 enterprises in the processing and manufacturing industries and 6,799 enterprises in the construction industry. In the second quarter, the survey received responses from 5,635 processing-manufacturing firms and 6,315 construction companies./.
