Business

Foreign-invested sector obtains trade surplus

The foreign-invested sector earned a trade surplus of 1.22 billion USD in the first seven months of the year, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.
The foreign-invested sector earned a trade surplus of 1.22 billion USDin the first seven months of the year, according to the ForeignInvestment Agency (FIA) under the Ministry of Planning and Investment.

In seven months the sector’s exports, including crude oil, hit 20.6billion USD, a year-on-year increase of 26.7 percent. Meanwhile, itsimport turnover was 19.45 billion USD, up 46.4 percent.

Thedepartment also said the country’s disbursement of foreign directinvestment (FDI) in July and in the first seven months of the year wereoptimistic. So far this year, 6.4 billion USD was disbursed, equal totwo thirds of the yearly plan.

In July, the country licensed anadditional 95 foreign-invested projects with a combined registeredcapital of 508 million USD, bringing the total number of newly-licensedprojects in seven months to 533 and the registered capital to 8.4billion USD, a year-on-year increase of 5.4 percent.

In addition,16 existing projects increased their capital in July by a total 190million USD, bringing the amount of capital added to existing projectsin the Jan-July period to 715 million USD.

Countries andterritories with high investment capital in Vietnam in the reviewedperiod were the Netherlands, the Republic of Korea, Japan, the US,Taiwan, Cayman Islands, China, Singapore and Russia./.
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