Business

Vietnam attracts over 15 billion USD of FDI in six months

Foreign investors have poured 15.27 billion USD of investment in Vietnam so far this year, equivalent to 97.4 percent of the amount recorded in the same period last year, according to the Ministry of Planning and Investment (MPI).
Vietnam attracts over 15 billion USD of FDI in six months ảnh 1Illustrative image (Source: VNA)
Hanoi (VNA) – Foreign investors have poured 15.27billion USD of investment in Vietnam so far this year,equivalent to 97.4 percent of the amount recorded in the same period last year,according to the Ministry of Planning and Investment (MPI).

The ministry reported that as of June 20, 9.55 billion USDhad been injected into 804 newly-licenced projects, up 13.2 percent year onyear.

Meanwhile, 4.12 billion USD had been added into 460 underwayprojects, a year on year rise of 10.6 percent. Foreign investors also poured1.61 billion USD in share purchase deals in Vietnam, according to the ministry.

Meanwhile, the disbursement of FDI in the period rose 6.8percent year on year to 9.24 billion USD.

Among the 18 sectors attracting FDI, manufacturing-processinglured the highest amount at 6.98 billion USD, accounting for 45.7percent of the total investment, followed by power production and distributionwith 5.34 billion USD, making up nearly 35 percent of the total investment.

Singapore leads the 80 countries and territories investing inVietnam with investment of 5.64 billion USD, followed by Japan with 2.44billion USD, and the Republic of Korea with 2.05 billion USD.

As of June 20, the country had hosted 33,787 FDIprojects worth 397.89 billion USD totally, of which 241.1 billion USD, or 60 percent,had been disbursed.

The export revenue of the foreign-invested sector hascontinued to rise at 32.2 percent to 116 billion USD (including crudeoil), accounting for 74.1 percent of the country’s total export revenue. Thesector’s revenue excluding crude oil reached 115.3 billion USD, up 32.6 percentyear on year.

The sector imported 102.6 billion USDworth of goods in the period, up 38.7 percent year on year. As a result, in thefirst half of this year, it enjoyed a trade surplus of 13.4 billion USDincluding revenue from crude oil.

The MPI also reported a trade deficit of 14.9 billion USD by domestic businesses./.
VNA
#Foreign investors #Ministry of Planning and Investment (MPI) #disbursement of FDI #manufacturing-processing #foreign-invested sector #Vietnam #Vietnam news #Vietnam News Agency
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