FDI commitment soars in first 11 months

Source: Pano feed

Nhan Dan/VNA - Newly-registered and supplementary foreign direct investment (FDI) capital in Vietnam summed up to US$20.8 billion in the first 11 months of the year - a 54.2% rise year on year.

Nhan Dan/VNA - Newly-registered and supplementary foreign direct investment (FDI) capital in Vietnam summed up to US$20.8 billion in the first 11 months of the year - a 54.2% rise year on year.



Figures from the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment show that investment licences were obtained for 1,175 new projects with combined registered capital of US$13.77 billion, up 73.3% from the same period last year.


Meanwhile, additional investment was announced in pre-existing FDI projects to the tune of US$7.03 billion, up 26.9%.


Manufacturing remained atop the list of 18 sectors receiving foreign investment, with 557 new projects valued at US$16.07 billion, accounting for 77.2% of the total.


Electricity, gas and water production and distribution came next with combined capital of US$2.03 billion, 9.8% of the total. The sector was followed by real estate, with 20 projects worth US$884 million.


FDI inflow came from 52 nations and territories, with Japan remaining the largest foreign investor. New and additional investment from Japan amounted to US$5.6 billion, accounting for 27.3% of the total figure.


Next came Singapore with US$4.2 billion and the Republic of Korea with US$4.1 billion.


Northern Thai Nguyen province led localities in FDI attraction, bringing in US$3.3 billion, 16.1% of the total.


Central Thanh Hoa province came in second with US$2.9 billion from new and additional projects, accounting for 14% of the total. The province’s Nghi Son Refinery Project received US$2.8 billion in additional capital commitments.


Northern Hai Phong city took third place with US$2.6 billion.


FDI disbursement in the January-October period reached US$10.5 billion, an increase of 5.5% from last year.


The FDI sector reported a trade surplus of US$12.2 billion during the 11-month period. Its exports, including crude oil, were estimated at US$81.1 billion, up 23.5% year on year.


The sector’s imports totalled US$68.9 billion, 56.92% of total import-export turnover in the 11-month period and an increase of 26% over last year.




Đăng ký: VietNam News