Hanoi absorbs most FDI capital from start of year

Saturday, 31/08/2019 08:30
(CPV) – Hanoi absorbed the most FDI capital in the Jan-Aug period with USD5.66 billion, accounting for 25% of the total, followed by Ho Chi Minh city with USD3.86 billion, making up 17%, according to the Ministry of Planning and Investment’s Foreign Investment Agency (FIA).

Mekong Delta absorbs over USD22 billion FDI capital

Country absorbs nearly USD18.5 billion of FDI capital in first half

Southern hub lures over USD1 billion FDI capital in two months

Over USD8.3 billion FDI capital invested in EZs, IZs

Photo for illustration. (Source: VNA)

FIA said that in the 8 months, newly-registered and added capital, capital contributions and share purchases by foreign investors totaled USD22.63 billion, 92.9% of the same period last year.

Implemented capital of foreign projects reached an estimated USD11.96 billion, a year-on-year rise of 6.3%.

Specifically, 2,406 projects were licensed with total capital of USD9.13 billion, 67.7% of the same period last year; while an additional USD4 billion was pledged to existing projects.

Foreign investors also invested another USD9.51 billion through capital contributions and share purchases.

Meanwhile, exports of the foreign-invested sector, including crude oil, posted USD117.95 billion, a year-on-year rise of 4.6% and making up 69.4% of the total export turnover. Exports excluding crude oil were estimated at USD116.55 billion, a year-on-year rise of 4.7% and 68.6% of the total.

Imports of the sector were USD96.15 billion, a year-on-year increase of 4.8%, accounting for 57.7% of the import turnover.

On the whole, the sector earned trade surplus of USD21.8 billion including crude oil or USD20.4 billion excluding crude oil.

Manufacturing remained the most attractive sector to foreign investors with USD15.74 billion, followed by property trading at USD2.31 billion, and wholesale and retail at USD1.19 billion.

Among the 103 countries and territories pouring capital into Vietnam, Hong Kong (China) was the largest investor at USD5.63 billion, while the Republic of Korea and Singapore came second and third with USD3.48 billion and USD3.27 billion, respectively./.

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