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 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.

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

According to the Ministry of Planning and Investment's Foreign Investment Agency, total registered capital of FDI projects in the first seven months this year decreased by 20 percent year-on-year to 9.53 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, falling 46 percent compared to a year earlier.

The Republic of Korea topped the list of 46 countries and territories investing in Vietnam, with a total registered investment of around 3.13 billion USD, accounting for nearly 33 percent of the country's total FDI inflow. Hong Kong (China) ranked second with 1.15 billion USD, followed by Japan, 1.11 billion USD.

Northern Bac Ninh province led the country in FDI attraction with 1.33 billion USD, making up 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.

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

The export value of the FDI sector (including crude oil) hit 55.83 billion USD, up 15 percent year-on-year and making up 66.8 percent of the total export turnover.-VNA

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