Foreign capital still heads to manufacturing, processing

The total amount of foreign investment poured into Vietnam this year to September 20 reached 21.2 billion USD, equivalent to 81.8 percent of the same period last year, reported the Ministry of Planning and Investment.
Foreign capital still heads to manufacturing, processing ảnh 1Illustrative image (Photo: VNA)
Hanoi (VNA) – The total amount of foreigninvestment poured into Vietnam this year to September 20 reached 21.2 billionUSD, equivalent to 81.8 percent of the same period last year, reported theMinistry of Planning and Investment.

Of the sum, 13.76 billion USD were disbursed, or 96.8percent of last year’s same period.

Of the amount, 10.36 billion USD was invested in 1,947 newprojects, down 5.6 percent in value and 29.4 percent in project number annually.

As many as 798 projects added a combined over 5.11 billionUSD to their investment capital, down 23 percent year-on-year in project numberbut up 6.8 percent in value.

Up to 5.73 billion USD were spent on shares, equal to 55.1percent of the same period last year.

Foreign investors invested in 18 sectors, with manufacturingand processing absorbing about 9.9 billion USD, or 46.6 percent of the totalinvestment. It was followed by electricity production and distribution withmore than 4.3 billion USD, or 20.6 percent, real estate with around 3.2 billionUSD and wholesale and retail 1.3 billion USD.

Among 111 countries and territories investing in Vietnam,Singapore took the lead with 6.77 billion USD, making up 32 percent of thetotal, followed by the Republic of Korea (RoK) with 3.17 billion USD, China1.87 billion USD, Japan, Thailand and Taiwan (China).

In term of project number, the RoK came first with 499projects, ahead of China with 271 projects, Japan 209 and Singapore 173.

Foreign capital was poured into 60 cities and provinces. TheMekong Delta province of Bac Lieu was the top destination with a liquefiednatural gas project worth 4 billion USD, or 18.8 percent of the totalinvestment. It was followed by Ho Chi Minh City with 3.25 billion USD, Hanoi2.92 billion USD, Ba Ria-Vung Tau, Binh Duong and Hai Phong.

On the number of new projects, Ho Chi Minh City topped thelist with 719 projects, followed by Hanoi with 409 and Bac Ninh 119./.

VNA

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