FDI realization hits US$12 bln in 8 months

VGP – The total Foreign Direct Investment (FDI) realization in the recent eight months of 2019 witnessed a year-on-year increase of 6.3%, reaching US$12 billion, according to the Foreign Investment Agency, under the Ministry of Planning and Investment.

August 28, 2019 4:49 PM GMT+7

Processing and manufacturing industry takes the lead among 19 sectors in attracting FDI, followed by real estate and retail sales.

The total newly-registered, additional capital and shares and capital contributions and purchase of foreign investors in eight months hit US$22.6 billion, equal to 93% of the same period in 2018.

As many as 2,400 projects were granted with investment certificates, up 25% compared to the same period last year. The total newly-registered capital was estimated at US$9 billion, equal to 68% of the same period last year.

A total number of 5,235 share purchases and capital contributions made by foreign investors were recorded, worth US$9.5 billion, equal to 80% of the same period last year and making up 42% of the total registered-capital.

Processing and manufacturing industry took the lead among 19 sectors in attracting FDI, followed by real estate and retail sales.

Among 103 nations and territories investing in Viet Nam, Hong Kong (China) ranks first.

Among 103 nations and territories investing in Viet Nam, Hong Kong (China) ranked first. The Republic of Korea and Singapore occupied the second and third positions.

Among 56 localities attracting FDI in eight months of 2019, Ha Noi tops the list.

Foreign-invested sector’s exports (including crude oil) attained US$118 billion, up 5% against the same period last year and accounting for 69% of the nation’s total export value.

The import turnover of the FDI sector obtained US$96.15 billion, up 4.8% and making up 57.7%.

The foreign-invested sector reported the trade surplus of US$21.8 billion (including crude oil) while the State sector announced the trade deficit of US$18.4 billion.

By Thuy Dung