Country absorbs nearly USD23 billion of FDI capital
Friday, 27/07/2018 21:46 (GMT+7)
Total newly-registered, increased and contributed capital to purchase shares by foreign investors reached USD22.94 billion in the first seven months of the year, a 4.6% rise over a year earlier, reported the Ministry of Planning and Investment’s Foreign Investment Agency.
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This figure included USD13.2 billion of newly-registered capital, USD4.95 billion of increased capital, and nearly USD4.79 billion in about 3,330 capital contributions and share purchases, a 53% rise from the same period last year.
During this period, disbursement of foreign-invested projects is estimated at USD9.85 billion, a year-on-year rise of 8.8%.
The processing and manufacturing industry attracted the most FDI capital in the seven months with USD9.63 billion, making up some 42% of the registered capital, followed by real estate business at USD5.6 billion and wholesale and retail at USD1.69 billion.
As many as 96 countries and territories poured capital into Vietnam, with Japan taking the lead at USD6.88 billion, making up some 30%. Following it was the Republic of Korea at USD5.46 billion (23.8%) and Singapore at USD2.73 billion (11.9%).
Hanoi absorbed the most FDI capital among 59 provinces and cities with USD6.17 billion, accounting for 26.9%. It was followed by Ho Chi Minh city at USD4.12 billion (17.9%) and Ba Ria - Vung Tau at USD2.15 billion (9.4%).
Over the past 7 months, Vietnam also invested in 32 countries and territories. Of this, Laos topped the list with USD84 million, accounting for 30% of the total capital investing overseas, followed by Australia at USD37.1 million (13.3%), Slovakia at USD35.93 million (12.9%), Cambodia, Cuba and Myanmar./.
BTA
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