Business

FDI flows to processing, manufacturing industries

Processing and manufacturing industries have attracted the most foreign direct investment (FDI) capital so far this year, with 448 newly-licensed projects and a new registered and additional capital of 6.66 billion USD, accounting for about 70 percent of the total FDI.
Processing and manufacturing industries have attracted the most foreigndirect investment (FDI) capital so far this year, with 448newly-licensed projects and a new registered and additional capital of6.66 billion USD, accounting for about 70 percent of the total FDI.

They were followed by the real estate and construction sectors, with 1.13 billion USD and 547 million USD, respectively.

Accordingto the Ministry of Planning and Investment's Foreign Investment Agency,total registered capital of FDI projects in the first seven months thisyear decreased by 20 percent year-on-year to 9.53 billion USD.

Inthe reviewed period, as many as 889 new FDI projects were licensed withtotal registered capital of 6.85 billion USD, representing 0.9 percentyear-on-year decrease. About 300 projects increased their investment by2.67 billion USD, falling 46 percent compared to a year earlier.

TheRepublic of Korea topped the list of 46 countries and territoriesinvesting in Vietnam, with a total registered investment of around3.13 billion USD, accounting for nearly 33 percent of the country'stotal FDI inflow. Hong Kong (China) ranked second with 1.15 billionUSD, followed by Japan, 1.11 billion USD.

Northern Bac Ninhprovince led the country in FDI attraction with 1.33 billion USD, makingup 14 percent of the country's total inflow. Ho Chi Minh City wassecond with total registered and additional capital of 1.07 billion USD,followed by Binh Duong, Dong Nai, Hai Phong and Hanoi.

Somebig FDI projects that were granted licences in July included the RoKinvestor's Samsung Display Company in Bac Ninh Province with 1billion USD, Thang Long Cement Factory funded by an Indonesian investorin north-eastern Quang Ninh province with 325.75 million USD and Dai AnVietnam – Canada International Hospital Company in northern Hai Duongprovince with 225 million USD.

In the period, the country’s FDI disbursement increased by 2.3 percent against the same period last year to 6.8 billion USD.

Theexport value of the FDI sector (including crude oil) hit 55.83 billionUSD, up 15 percent year-on-year and making up 66.8 percent of the totalexport turnover.-VNA
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