FDI faces decline despite new projects
Total registered capital of foreign direct investment (FDI) projects in
the first seven months this year decreased by 20 percent year-on-year to
9.53 billion USD, according to the Ministry of Planning and
Investment's Foreign Investment Agency (FIA).
Total registered capital of foreign direct investment (FDI) projects in
the first seven months this year decreased by 20 percent year-on-year to
9.53 billion USD, according to the Ministry of Planning and
Investment's Foreign Investment Agency (FIA).
However, total disbursements from FDI firms were estimated at 6.8 billion USD, increasing 2.3 percent against the corresponding period last year. FDI businesses generated an export turnover of 55.83 billion USD and incurred around 46.04 billion USD in imports, resulting in a trade surplus of 9.78 billion USD.
In the reviewed period, as many as 889 new FDI projects were licensed with total registered capital of 6.85 billion USD, representing 0.9 percent year-on-year decrease. About 300 projects increased their investment by 2.67 billion USD, reducing 46 percent in comparison with the same period last year.
The processing and manufacturing industries took the lead in attracting FDI with 448 newly-licensed projects with new registered and additional capital of 6.66 billion USD that accounted for 70 percent of the total FDI. They were followed by the real estate sector with 1.13 billion USD, accounting for 12 percent of the total and the construction sector with 547.58 million USD.
At present, 46 countries and territories have been investing in Vietnam. The Republic of Korea took first place in terms of total registered investment of around 3.13 billion USD, accounting for 33 percent of the country's total FDI inflow. Hong Kong ranked second, followed by Japan and Singapore.
The northern Bac Ninh province led the country in FDI with 1.33 billion USD, accounting for 14 percent of the country's total inflow. Ho Chi Minh City was second with total registered and additional capital of 1.07 billion USD, followed by Binh Duong, Dong Nai, Hai Phong and Hanoi.
Some big FDI projects that were granted licences in July included the RoK investor's Samsung Display Company in Bac Ninh Province with 1 billion USD, Thang Long Cement Factory funded by an Indonesian investor in north-eastern Quang Ninh province with 325.75 million USD and Dai An Vietnam – Canada International Hospital Company in northern Hai Duong province with 225 million USD.-VNA
However, total disbursements from FDI firms were estimated at 6.8 billion USD, increasing 2.3 percent against the corresponding period last year. FDI businesses generated an export turnover of 55.83 billion USD and incurred around 46.04 billion USD in imports, resulting in a trade surplus of 9.78 billion USD.
In the reviewed period, as many as 889 new FDI projects were licensed with total registered capital of 6.85 billion USD, representing 0.9 percent year-on-year decrease. About 300 projects increased their investment by 2.67 billion USD, reducing 46 percent in comparison with the same period last year.
The processing and manufacturing industries took the lead in attracting FDI with 448 newly-licensed projects with new registered and additional capital of 6.66 billion USD that accounted for 70 percent of the total FDI. They were followed by the real estate sector with 1.13 billion USD, accounting for 12 percent of the total and the construction sector with 547.58 million USD.
At present, 46 countries and territories have been investing in Vietnam. The Republic of Korea took first place in terms of total registered investment of around 3.13 billion USD, accounting for 33 percent of the country's total FDI inflow. Hong Kong ranked second, followed by Japan and Singapore.
The northern Bac Ninh province led the country in FDI with 1.33 billion USD, accounting for 14 percent of the country's total inflow. Ho Chi Minh City was second with total registered and additional capital of 1.07 billion USD, followed by Binh Duong, Dong Nai, Hai Phong and Hanoi.
Some big FDI projects that were granted licences in July included the RoK investor's Samsung Display Company in Bac Ninh Province with 1 billion USD, Thang Long Cement Factory funded by an Indonesian investor in north-eastern Quang Ninh province with 325.75 million USD and Dai An Vietnam – Canada International Hospital Company in northern Hai Duong province with 225 million USD.-VNA
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