Foreign investors pour nearly US$ 31 billion into Vietnam

As of late November 2018, Viet Nam absorbed US 30.8 billion of FDI, equivalent to 93.2% against the same period last year.

As of November 20, 2,714 projects got business licenses worth US$ 15.78 billion, accounting for 79.7% against the same period last year.

Meanwhile, 954 projects got additional capital with a total registered capital of US$ 7.4 billion, accounting for 92.6% against the same period last year.

As of November 20, the amount of FDI disbursement hit US$ 16.5 billion, representing a year-on-year growth of 3.1%.

Overseas shipment of the FDI sector increased by 13.4% against 2017 and made up 71.7% of total export turnover. The sector imported US$ 130.1 billion, up 12.3% against the same period in 2017 and 60% of export turnover.

Generally, the FDI sector gained a trade surplus of US$ 30.1 billion including crude oil, or US$ 28.1 billion excluding crude oil.

Foreign investors engaged in 18 sectors of which the processing and manufacturing sector attracted the most attention by absorbing US$ 14.2 billion (accounting for 46.2% of total registered capital).

Real estate ranked second with a total investment of US$ 6.5 billion, or 21.3% of total registered capital; followed by whole and retail sales with US$ 3.1 billion or 10%.

Out of 108 countries and territories investing in Viet Nam, Japan was the biggest FDI provider with US$ 8 billion (accounting for 25.9% of total registered capital); followed by the Republic of Korea with US$ 6.8 billion (22.3%); Singapore with US$ 4.1 billion (13.4%).

Foreign players invested in 59 cities and provinces of which Ha Noi was the most attractive destination with US$ 6.3 billion (20.4%); HCMC ranked second with US$ 5.6 billion (18.1%); and Hai Phong with US$ 2.49 billion (8%).

Source: Dtinews

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