Business

FDI disbursement hits over 15 billion USD in ten months

Capital disbursement of foreign direct investment (FDI) projects stood at 15.1 billion USD as of October 20, up 6.3 percent year-on-year, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.
FDI disbursement hits over 15 billion USD in ten months ảnh 1Illustrative image (Source: VNA)

Hanoi (VNA) – Capital disbursement offoreign direct investment (FDI) projects stood at 15.1 billion USD as of October20, up 6.3 percent year-on-year, according to the Foreign Investment Agency(FIA) under the Ministry of Planning and Investment.

This year to October 20, the country granted investment certificates to 2,458 newprojects with 15 billion USD of registered capital, equal to 92.2 percent ofthe figure of the same period of 2017, and allowed 954 existing projects to adda total of 6.5 billion USD, equal to 90 percent year-on-year.

From January to October, foreign investors’ capital contributionand share purchase were valued at 6.3 billion USD, tantamount to 98.8 percentof the same period last year.

Foreign investment was poured into 18 sectors, with the processing andmanufacturing industry absorbing the most - 13.2 billion USD, or 47.5 percentof total registered capital.

Other attractive fields were real estate, andwholesale and retail with 5.7 billion USD and 2.3 billion USD respectively,accounting for 20.4 percent and 8.5 percent of total investment.

As many as 105 countries and territories have made investmentin Vietnam in the period. Japan tops the list with 7.6 billion USD, making up27.5 percent of total investment; followed by the Republic of Korea with 6.5billion USD (23.4 percent); and Singapore with 3.9 billion USD (14 percent).

The FIA said foreign firms invested in 59 cities and provincesnationwide, of which Hanoi attracted the largest share with 6.15 billion USD,or 22 percent of total investment. Ho Chi Minh City came second with 4.6billion USD (16.5 percent), and Ba Ria-Vung Tau ranked third with 2.4 billionUSD (8.8 percent).

Major projects in the reviewed period are a smart city projectworth over 4.1 billion USD in Hai Boi commune, in Hanoi’s Dong Anh districtinvested by Japan’s Sumitomo Corporation; and a polypropylene (PP) plant andliquefied petroleum gas (LPG) warehouse worth 1.2 billion USD in Ba Ria-VungTau invested by the RoK’s Hyosung Corporation. Meanwhile, theSingapore-invested Laguna resort project in Thua Thien Hue received an additionof 1.12 billion USD.

The FDI sector exported 143.4 billion USD worth of goods inthe period, including crude oil, showing a year-on-year rise of 13.2 percentand making up nearly 72.2 percent of the country’s total export turnover. –VNA 
VNA
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