Foreign investment inflows reach $31.79 billion in eleven months

November 27, 2019 | 15:44

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Although total foreign investment inflows to Vietnam in the eleven months saw a slight increase, the number of enterprise delegations visiting the country to look for investment opportunities increased by 30 per cent since last year.

foreign investment inflows reach 3179 billion in eleven months

Foreign investment inflow reaches $31.79 billion in eleven months

Between January and November, total newly-registered and added capital, as well as share purchases and capital contributions hit $31.8 billion, up 3.1 per cent against the same period in 2018, according to the Foreign Investment Agency under the Ministry of Planning and Investment.

The total foreign direct investment (FDI) disbursement in the eleven months of 2019 witnessed an on-year increase of 7.2 per cent, reaching $17.69 billion.

As many as 3,478 projects were granted investment certificates, up 28.2 per cent on-year. The total newly-registered capital was estimated at $14.68 billion, equal to 93 per cent of the same period last year.

Besides, 1,256 existing projects were allowed to raise capital by $5.87 billion, up 20 per cent in the number of projects and down 20.7 per cent in capital volume, compared to the same period last year. Almost all capital expansion projects were of a small scale and there was no outstanding capital expansion project of a large scale during the period.

A total of 8,561 share purchases and capital contributions were made by foreign investors with the value of $11.24 billion, up 47.1 per cent and making up 35.4 per cent of the total registered capital. The processing and manufacturing industry took the lead among the 19 sectors attracting FDI with $21.56 billion, followed by real estate ($3.31 billion) and wholesale and retail.

Among the 117 nations and territories investing in Vietnam, Hong Kong (China) ranked first with $6.69 billion. South Korea and Singapore shared the second position with $5.73 billion.

Hanoi maintained its first position in luring FDI with the registered capital sum of $6.82 billion. The runners-up are Ho Chi Minh City, Binh Duong, and Dong Nai.

By Kim Oanh

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