(VEN) – Together with the strong growth of registered, additional and disbursement capital, FDI into Vietnam in the first seven months of this year continued to increase. In particular, FDI flows mainly focused on the manufacturing and processing industries.
The manufacturing and processing industries remain the most attractive sectors in terms of FDI attraction
The attractiveness of the industrial sector
According to the Foreign Investment Agency of the Ministry of Planning and Investment, in the first seven months of this year, Vietnam attracted FDI capital of US$11.91 billion (including newly registered capital and additional capital), an increase of 19.6 percent compared to the same period last year.
Newly registered capital in the first seven months of 2013 reached US$6.92 billion, an increase of 10 percent compared to the same period last year. FDI projects received additional capital of US$4.99 billion, an increase of 36.2 percent compared to the same period last year. In particular, FDI disbursement in the first seven months of this year totaled US$6.65 billion, an increase of 6.4 percent compared to the same period last year.
According to the Foreign Investment Agency, the manufacturing and processing industries remained the most attractive sectors in terms of FDI attraction with total newly registered capital and additional capital of US$10.44 billion, accounting for 87.7 percent of total FDI capital. Real estate trading; wholesale and retail sectors ranked second and third in FDI attraction in this period with total registered capital and additional capital of US$580.77 million and US$230.98 million respectively.
In terms of the FDI sector, in the first seven months of this year, export turnover (including crude oil) reached an estimated US$48.242 billion, an increase of 22 percent compared to the same period last year, accounting for 66.3 percent of total export turnover. Export turnover (excluding crude oil) reached an estimated US$43.962 billion, accounting for 60.43 percent of total export turnover. In addition, import turnover in the FDI sector in this period stood at US$41.329 billion, an increase of 24 percent compared to the same period last year, accounting for 56.3 percent of total import turnover. In general, in the first seven months of 2013, the FDI sector’s trade surplus reached about US$6.9 billion, while Vietnam’s trade deficit stood at US$733 million.
Attractive investment environment
46 countries and territories had FDI projects in 50 Vietnamese provinces in the first seven months of this year. Japan was the leading country investing in Vietnam with total newly registered capital and additional capital of US$4.1 billion, accounting for 34.4 percent of total FDI capital in Vietnam. Singapore and Russia ranked second and third with total newly registered capital and additional capital of US$3.73 billion and US$1.015 billion, accounting for 31.3 percent and 8.5 percent of total FDI capital in Vietnam respectively.
According to the Ministry of Planning and Investment’s information, Japan’s FDI flows into Vietnam were likely to increase, especially after the success of the Vietnam-Japan Joint Initiative Phase IV. The two countries also agreed solutions to improve Vietnam’s investment environment.
In addition to Japan, Singapore and the Republic of Korea (RoK), Vietnam’s investment environment has also engaged the interests of many countries, such as Thailand, China and the US. This is an important foundation to help FDI flows into Vietnam increase in the coming period.
| Vietnam granted licenses to four major FDI projects in the first seven months of this year including the Samsung Electronics Vietnam’s project in Thai Nguyen Province with total investment capital of US$2 billion and the Russian-investedBus Industrial Center Co., Ltd. project in Binh Dinh Province with total investment capital of US$1 billion. In addition, the Singaporean invested Nghi Son refinery and petrochemical project received additional capital of US$2.8 billion and the Samsung Electronics Vietnam’s project in Bac Ninh Province increased its investment capital by US$1 billion. |
By Nguyen Hoa
Đăng ký: VietNam News