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Newly registered FDI enjoys increase in both projects and capital. (Photo: sggp.org.vn)
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According to the Ministry of Planning and Investment’s Foreign Investment Agency, as of October 20, over 15.29 billion USD was channeled into 2,608 new foreign direct investment (FDI) projects, respectively up 54% and 66.1% year on year,
As many as 1,051 projects registered an additional capital of 5.33 billion USD, up 19.4% in number of projects and down 39% in capital compared to the same period last year. In spite of reduction in investment capital, the number of projects with adjusted capital maintained a significant increase.
There were 2,836 transactions of capital contribution and share purchases by foreign investors, down 5.4% year on year, the total value of contributed capital reached more than 5.13 billion USD, up 35.4%.
Regarding investment partners, in the 10 months, 108 countries and territories poured investment in Vietnam. Singapore took the lead with nearly 4.65 billion USD, making up 18% of the total capital in Vietnam; followed by the Republic of Korea with nearly 3.93 billion USD, and Hong Kong (China) with some 3.54 billion USD.
China topped the number of projects, accounting for 21.7% of the total, while the Republic of Korea took the lead in increased capital (25.7%), contributed capital and share purchases (28/2%).
Asian investors still dominated FDI flows into Vietnam during the period, with Singapore, China, Japan, the RoK, Hong Kong and Taiwan accounting for up to 81.7% of the total value.
Of the 55 provinces and cities recording FDI inflows, Quang Ninh attracted the most capital with nearly 3.09 billion USD, accounting for nearly 12% and increasing 41.3% from a year earlier. Hai Phong city stood second with over 2.8 billion USD, accounting for 10.9% and surging 2.14-fold, followed by Hanoi, Ho Chi Minh City and Bac Giang province./.