FDI in Vietnam hits record high

Friday, 26/04/2019 14:55
Foreign direct investment (FDI) in the first four months of 2019 hit a new record high in value within the past four years, according to the latest report of the Ministry of Planning and Investment’s Foreign Investment Agency (FIA).

FDI in Vietnam rises sharply in first two months

Vietnam lures USD1.9 billion in FDI in January

Photo for illustration. (Source: baodauthau.vn)

Specifically, as of April 20th, total newly-registered and added capital, transactions of capital contribution and shares purchase by foreign investors reached USD14.59 billion, a year-on-year rise of 81%.

This is the highest level during the same period over the past 4 years (USD7.5 billion in 2016, USD10.6 billion in 2017 and USD8 billion in 2018).

Of this, 1,082 new projects were granted investment licenses with total registered capital of USD5.34 billion, up 50.4% year on year, and 395 projects registered for an additional capital of USD2.11 billion, equal to 94% of the same period last year.

In addition, there were 1,653 transactions of capital contribution and purchase of shares by foreign investors with total value of USD5.68 billion, three times higher year on year, making up 52.6% of the total registered capital.

In the four months, foreign investors poured capital into 19 sectors, with processing and manufacturing industry absorbing the most capital with nearly USD10.5 billion, accounting for 72% of the total. It was followed by real estate business with USD1.1 billion (7.5%), and wholesale and retail with USD742.7 million (5%).

Among 80 countries and territories investing in Vietnam, Hong Kong (China) led the list with investment capital of USD4.7 billion, accounting for 32.5% of the total. The Republic of Korea and Singapore followed, with USD1.98 billion (13.6%) and USD1.87 billion (12.8%), respectively./.

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