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Vietnam lures over 16 billion USD in foreign investment in 7 months

Vietnam attracted approximately 16.24 billion USD in foreign direct investment (FDI) from the beginning of this year to July 20, up 4.5% year-on-year, according to the Foreign Investment Agency under the Ministry of Planning and Investment.

In the period, there were 1,293 newly-registered projects with a combined capital of 7.94 billion USD, up 75.5% in the number of projects and 38.6% in capital compared to the same period last year.

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Manufacturing and processing sector attracts the biggest FDI in seven months.

Meanwhile, 2.93 billion USD, down 42.5% year-on-year, was added to 736 existing projects, up 27.1% year-on-year.

The value of capital contribution and share purchase deals rose by 60.7% to 4.16 billion USD.

The manufacturing and processing sector led in FDI attraction, with 10.93 billion USD. It was followed by real estate (1.61 billion USD).

In the January-July period, there were 94 countries and territories pouring capital into Vietnam, in which Singapore topped the list with 3.64 billion USD, down 15.5% year-on-year. It was followed by the Republic of Korea (2.34 billion USD) and China (2.33 billion USD).

Those investors poured their capital into 52 provinces and cities in the period, with Hanoi receiving the lion's share - 2.28 billion USD, up 2.76 times year-on-year. Hai Phong came second with over 2 billion USD, up 96.5%, followed by Ho Chi Minh City.

As of July 20, FDI disbursement was estimated at 11.58 billion USD, up 0.8% year-on-year.

Vietnam secures 10.86 billion USD in FDI in first five months
Total 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 Vietnam
Amid 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 nationwide
The 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. 
 
Hanoi tops country in FDI attraction in first four months
Hanoi led Vietnam in attracting foreign direct investment (FDI) in the first four months of this year, securing more than 1.7 billion USD in capital during the period, according to the Ministry of Planning and Investment.
 

Source: VNA

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