FDI pledges decline in 11 months
Total foreign direct investment (FDI) registered in the country saw a year-on-year decline of 10.5 percent in the 11 months of this year to 18.1 billion USD.
Illustrative image (Source: VNA)Hanoi (VNA)
- Total foreign direct investment (FDI) registered in the country saw a
year-on-year decline of 10.5 percent in the 11 months of this year to 18.1
billion USD, according to the latest report from the Ministry of Planning and
Investment’s Foreign Investment Agency.
Of the sum, more than 13 billion USD came from 2,240 newly-licensed projects, down 4 percent year-on-year, while the remainder from 1,075 capital-added projects, equivalent to 76.1 percent of the figure from the same period last year.
However, FDI disbursement witnessed a positive rise of 8.3 percent, to 14.3 billion USD in the period, according to the data.
From January to November, foreign investors mainly poured their investments into the processing and manufacturing industry, with 13.41 billion USD, making up 74 percent of the nation’s total FDI. This was followed by real estate with 741 million USD (4.1 percent), and science and technology with 685 million USD (3.8 percent).
Out of 68 countries and territories investing in Vietnam, the Republic of Korea remained the country’s largest source of FDI with 5.29 billion USD, accounting for 29.2 percent of the total FDI pledged here. Singapore and Japan ranked second and third, with 2.05 billion USD (11.3 percent) and 1.95 billion USD (10.8 percent), respectively.
In the year to date, the northern port city of Hai Phong took the lead in terms of FDI attraction with 2.74 billion USD, followed by the two southern provinces of Binh Duong and Dong Nai with 1.93 billion USD and 1.87 billion USD, respectively. The country’s two economic hubs of Hanoi and HCM City ranked fourth and fifth, luring 1.84 billion USD and 1.32 billion USD in FDI, respectively.
Exports (including crude oil) of the foreign-invested sector reached over 114 billion USD in the period, up 8.6 percent, to reach 71.5 percent of the country’s total export value, while the sector’s import turnover was 92.83 billion USD, up 3.6 percent year-on-year.-VNA
Of the sum, more than 13 billion USD came from 2,240 newly-licensed projects, down 4 percent year-on-year, while the remainder from 1,075 capital-added projects, equivalent to 76.1 percent of the figure from the same period last year.
However, FDI disbursement witnessed a positive rise of 8.3 percent, to 14.3 billion USD in the period, according to the data.
From January to November, foreign investors mainly poured their investments into the processing and manufacturing industry, with 13.41 billion USD, making up 74 percent of the nation’s total FDI. This was followed by real estate with 741 million USD (4.1 percent), and science and technology with 685 million USD (3.8 percent).
Out of 68 countries and territories investing in Vietnam, the Republic of Korea remained the country’s largest source of FDI with 5.29 billion USD, accounting for 29.2 percent of the total FDI pledged here. Singapore and Japan ranked second and third, with 2.05 billion USD (11.3 percent) and 1.95 billion USD (10.8 percent), respectively.
In the year to date, the northern port city of Hai Phong took the lead in terms of FDI attraction with 2.74 billion USD, followed by the two southern provinces of Binh Duong and Dong Nai with 1.93 billion USD and 1.87 billion USD, respectively. The country’s two economic hubs of Hanoi and HCM City ranked fourth and fifth, luring 1.84 billion USD and 1.32 billion USD in FDI, respectively.
Exports (including crude oil) of the foreign-invested sector reached over 114 billion USD in the period, up 8.6 percent, to reach 71.5 percent of the country’s total export value, while the sector’s import turnover was 92.83 billion USD, up 3.6 percent year-on-year.-VNA
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