Country absorbs over USD26 billion of FDI in 9 months

Monday, 30/09/2019 19:54
Vietnam lured USD26.16 billion of newly-registered and added capital, capital contributions and share purchases of foreign investors from January to September 2019, a year-on-year rise of 3.1%, according to the Ministry of Planning and Investment’s Foreign Investment Agency.

Hanoi absorbs most FDI capital from start of year

FDI in Vietnam hits record high

 

Processing and manufacturing remained the most attractive sector to foreign investors during the period. (Photo: vietnamfinance.vn)


Implemented capital of FDI project reached an estimated USD14.22 billion, a year-on-year increase of 7.3%.

Accordingly, 2,759 new projects were licensed with registered capital of USD10.97 billion, 77.7% of the same period last year while 1,037 ongoing projects registered an additional capital of USD4.79 billion, 86.4% of the same period last year.

Foreign investors eyed 6,502 capital contributions and share purchases with a total value of USD10.4 billion, a year-on-year rise of 82.3% and making up nearly 39.8% of the total.

Exports of the foreign-invested area, including crude oil, posted USD134.73 billion, a year-on-year increase of 5% or equivalent to 69.3% of export turnover while the figure excluding crude oil was USD133.21 billion, up 5.1% or equivalent to 68.6% of export turnover.

Imports of the area posted USD109.45 billion, up 5.5% or equivalent to 58.1% of import turnover.

Processing and manufacturing remained the most attractive sector to foreign investors during the period, drawing 18.09 billion USD, accounting for 69.1% of the total pledged FDI capital. It was followed by property trading at USD2.77 billion (10.6% of the total) and wholesale and retail at nearly USD1.4 billion (5.4%).

Among 109 countries and territories investing in Vietnam, Hong Kong (China) topped the list with USD5.89 billion, accounting for 65.4% of the total. Followings were the Republic of Korea, Singapore, and Japan./.

BTA

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