FDI disbursement hits $12 billion in eight months

August 29, 2019 | 11:44

(0) user say

The total foreign direct investment (FDI) disbursement in the first eight months of 2019 witnessed an on-year increase of 6.3 per cent, reaching $11.96 billion, according to the Foreign Investment Agency under the Ministry of Planning and Investment.

fdi disbursement hits 12 billion in eight months

$12 billion of FDI was disbursed in the first eight months of the year

Total newly-registered, additional capital, and shares and capital contributions and purchases of foreign investors in the eight months hit $22.63 billion, equal to 93 per cent of the same period in 2018.

As many as 2,406 projects were granted investment certificates, up 25.4 per cent compared to the same period last year. The total newly-registered capital was estimated at $9.13 billion, equal to 68 per cent of the same period last year.

Besides, 908 existing projects were allowed to raise capital by $4 billion, up 23.4 per cent in the number of projects and down 29.6 per cent in capital volume compared to the same period last year.

A total of 5,235 share purchases and capital contributions were made by foreign investors, worth $9.51 billion, equal to 80 per cent of the same period last year and making up 42 per cent of the total registered capital.

Processing and manufacturing industry took the lead among the 19 sectors attracting FDI with $15.74 billion, followed by real estate ($2.31 billion) and wholesale and retail ($1.19 billion).

Among the 103 nations and territories investing in Vietnam, Hong Kong (China) ranked first. The Republic of Korea and Singapore occupied the second and third positions with 15.4 and 14.5 per cent, respectively.

The exports of foreign-invested enterprises (including crude oil) amounted to $118 billion, up 5 per cent on-year and accounting for 69 per cent of the nation’s total export value.

The import turnover of the foreign-invested firms was $96.15 billion, up 4.8 per cent and making up 57.7 per cent. Foreign-invested enterprises reported a trade surplus of $21.8 billion (including crude oil) while the state sector announced a trade deficit of $18.4 billion.

By Kim Oanh

What the stars mean:

★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional