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| Inside a foreign-invested firm at Quang Minh industrial park, Hanoi__Photo: VNA |
Total registered foreign capital in Vietnam during January-July amounted to more than USD 18 billion in Vietnam, a year-on-year increase of 10.9 percent, according to the Ministry of Planning and Investment (MPI).
The disbursed investment was recorded at over USD 12.55 billion, up 8.4 percent as compared to the same time last year.
Foreign investors injected USD 10.76 billion in 1,816 new projects, rising 35.6 percent and 11.6 percent, respectively.
Meanwhile, 734 projects had their capital adjusted up with a total amount of more than USD 10.76 billion, down 0.3 percent in the project number, and up 19.4 percent in capital year-on-year.
Capital contributions and share purchases fell 45.2 percent to USD 2.27 billion.
The MPI said that foreign investors funneled their money in 18 out of 21 economic sectors, with the processing and manufacturing industry attracting the largest share of over USD 12.65 billion, or 70.3 percent of the total. The realty sector came second with more than USD 2.87 billion, wholesale and retail sale industry third with nearly USD 740.5 million, and professional activities and science-technology fourth with over USD 490.6 million.
Registering USD 6.52 billion, Singapore was the biggest investor among 91 countries and territories investing in the nation in the reviewed period, followed by China’s Hong Kong, Japan, China and the Republic of Korea.
The foreign investors landed their capital in 48 cities and provinces across the nation. Bac Ninh attracted the largest amount of foreign capital with nearly USD 3.2 billion while in the second and third places were Quang Ninh and Ho Chi Minh City, luring over USD 1.56 billion and USD 1.55 billion, respectively.
The foreign-invested sector enjoyed a trade surplus of around USD 27.9 billion (including crude oil), and contributed greatly to the nation’s trade surplus of 1 USD 2.4 billion during the seven-month period.
As of July 20, Vietnam was home to 40,777 valid foreign projects with total registered capital of USD 487 billion. Some USD 309.7 billion was disbursed by the time.-(VNA/VLLF)
