FDI inflows continue to decrease in the first eight months

According to the Ministry of Planning and Investment's Foreign Investment Agency, Vietnam counted total FDI inflows of about $16.8 billion in the first eight months of the year, equivalent to 87.7 per cent of the previous year's total.

Of this, $6.35 billion were poured into 1,135 newly-licensed projects, equivalent to the number of projects last year, and a sharp reduction of 43.9 per cent in value.

Another $7.5 billion were added to 676 projects currently underway, a rise of 50.7 per cent in value and 5.8 per cent in quantity. Overseas investors also poured almost $2.9 billion into just over 2,425 share purchase deals, an increase of 3.6 per cent over the same period last year.

FDI disbursement climbed slightly by 10.5 per cent on-year, to around $12.8 billion.

Among the 18 sectors receiving funds in the first seven months, processing and manufacturing took the lead with more than $10.7 billion, accounting for 63.9 per cent of total FDI, followed by real estate ($3.3 billion), science-technology, professional activities ($620.8 million), and ICT ($519 million).

Singapore led the 94 countries and territories investing in Vietnam in the first eight months with a total investment capital of around $4.53 billion, followed by South Korea ($3.5 billion) and Japan ($1.49 billion).

Ho Chi Minh City attracted the highest amount of FDI in these eight months with over $2.7 billion, followed by Binh Duong with $2.64 billion, and Bac Ninh with $1.75 billion.

The export turnover of foreign-invested enterprises (FIE) continued increasing by 17 per cent on-year to about $184.66 billion (including crude oil) or $183 billion (excluding crude oil), making up about 73.6 per cent of the country's total export value.

Their import turnover was estimated at around $161.26 billion, up 14.2 per cent and accounting for 65 per cent of the total.

The trade surplus of FIEs was $23.4 billion (including crude oil) or $21.7 billion (excluding crude oil) in the first eight months, while local businesses reported a trade deficit of $21.8 billion.

Almost 35,539 valid foreign-invested projects were accumulated across the country with a total registered capital of more than $430 billion. Their disbursement was about $264.4 billion, equivalent to 61.5 per cent of the valid registered capital.

FDI inflows decrease 7 per cent in the first seven months Despite additionally registered and share-purchased investments increasing significantly on-year, newly-registered foreign direct investment (FDI) kept dropping in the first seven months of the year.

Vietnam grows on strong footing: German newspaper Vietnam has seen strong growth in two years of COVID-19 and an increase in foreign direct investment (FDI), according to an article on the Southeast Asian nation’s development freshly published on Germany’s Junge Welt newspaper.

Bac Ninh IPs lure nearly 60 million USD in investment in July The total newly registered and adjusted investment capital that poured into the northern province of Bac Ninh’s industrial parks (IPs) in July hit 59.96 million USD. Of the sum, 36.41 million USD was foreign direct investment (FDI).