Japan leads foreign investors in Vietnam in 2018

Japan took the lead among 112 countries and territories invested in Vietnam in 2018, with 8.59 billion USD, making up 24 percent of the nation’s total FDI.
Japan leads foreign investors in Vietnam in 2018 ảnh 1Illustrative image (Source: VNA)
Hanoi (VNA) – Japan took the lead among 112 countries andterritories invested in Vietnam in 2018, with 8.59 billion USD, making up 24percent of the nation’s total FDI.

The Republic of Korea and Singapore were the runner-ups with 7.2 billion USDand 5 billion USD, making up 24.2 percent and 14.2 percent of the country’s totalFDI, respectively.

Vietnam attracted 35.46 billion USD in total foreign direct investment (FDI) in2018, equivalent to 98.8 percent of the previous year’s figure.

According to a report by the ForeignInvestment Agency under the Ministry of Planning and Investment, by December20, FDI commitment for 3,046 newly-licensed projects reached nearly 18 billionUSD, equivalent to 84.5 percent of the same period last year.

After a yearly decline of nearly 10percent in FDI added to operating projects totaled at 7.59 billion USD, thecapital pledged for stake acquisitions rose by 60 percent year on year to 9.89billion USD, the report said.

As per the data, foreign-investedenterprises gained a trade surplus of 32.8 billion USD this year as theyexported 175.5 billion USD worth of goods, up 13 percent while their importshit 142.7 billion USD, up 12 percent.

The manufacturing and processingsector garnered the most interest from foreign investors in the period,accounting for 16.58 billion USD, or 47 percent of the registered capital.

The real estate sector ranked secondwith 6.6 billion USD, or 18.5 percent and the retail sector came third with3.67 billion USD, or 10.3 percent.

The capital city of Hanoi lured the lion share of FDI with 7.5 billion USD or21.2 percent of the total capital pledged for the country.  It was followed by the southern economic hubof HCM City with 5.9 billion USD or 17 percent, and the northern port city ofHai Phong with 3.1 billion USD, or 8.7 percent.

In a wider scope, there were morethan 27,350 valid foreign-invested projects in Vietnam so far with a totalregistered capital of 340 billion USD. Over half of the FDI has been disbursedthus far, according to the above-mentioned report.

The Republic of Korea was the leadingsource of FDI with 62.5 billion USD and Japan came next with 57 billion USD.Several others included Singapore, Taiwan (China), British Virgin Islands andHong Kong (China).-VNA
VNA

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