Vietnam lured over 18.1 billion USD in foreign direct investment (FDI) as of August 20, an increase of 8.2% year-on-year, reported the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.
In the first eight months of this year, there were a total of 1,924 newly-registered FDI projects worth 8.87 billion USD, up 69.5% year-on-year in the number of projects, and up 39.7% in value.
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Manufacturing electronic components at Bumjin Electronics Vina Co., Ltd. |
Meanwhile, 830 projects had their capital adjusted, with a total added amount of 4.5 billion USD, up 22.8% and 39.7% year-on-year, respectively.
There were also 2,268 capital contributions and share purchases, with a total amount of 4.4 billion USD, down 6.5% and 62.8%, respectively.
During January-August, 13.1 billion USD of foreign-invested projects was disbursed, up 1.3% against the same period of last year.
Foreign investors have invested in 18 industries out of 21 economic sectors of Vietnam. Which, processing and manufacturing continued to rake the largest FDI capital, with nearly 13 billion USD, accounting for around 67.8% of the total.
It was followed by real estate business and banking - finance, with over 1.76 billion USD and 1.54 billion USD, respectively.
A total of 100 nations and territories poured capital into Vietnam during the period, with Singapore topping the list with more than 3.8 billion VND, accounting for 21.2% of the total. It was followed by China, Japan, and the Republic of Korea.
Tax collection from FDI enterprises exceeds yearly estimate(BGO) – For the first six months of this year, the
foreign direct investment (FDI) businesses in Bac Giang province has contributed
nearly two trillion VND (85.3 million USD) to the budget collection, exceeding
19 percent of the yearly estimate.
Vietnam secures 10.86 billion USD in FDI in first five monthsTotal foreign direct investment (FDI) in Vietnam, including new and additional investment and contributions for share purchases by foreign investors, reached nearly 10.86 billion USD from January to May 20, according to the Ministry of Planning and Investment.
Improving FDI quality, quantity crucial for VietnamAmid the slowing down of the global investment flows, experts held that improving both quality and number of foreign investment projects is a heavy task for Vietnam, requiring great efforts from the Vietnamese Government to fulfil the “dual targets”.
Vietnam's five-month FDI rises sharply nationwideThe total inflows of foreign investment in Vietnam this year to May 20, including new and added investment and contributions for share purchases by foreign investors, reached nearly 10.86 billion USD, down 7.3% year-on-year, but up 10.6 percentage points as compared with the figure in the first four months of this year, the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment reported.
FDI business: Industrial production locomotive(BGO) – Bac
Giang province now has 8 industrial parks (IP) which have attracted 453
projects, including 350 foreign direct investment (FDI) projects with total
registered capital of over 8.2 billion USD. Amid many difficulties, the FDI enterprises
in the IP maintain stable production and business activities, ensure good
policies and rights for labours.
Source: NDO
