FDI projects disbursed US$17.69 billion in the first eleven months, up 7.2 percent.
According to the latest report from ‘s Ministry of Planning and Investment (MPI) released on November 25, 2019, capital contributions and share purchases by foreign investors in the first eleven months of 2019 increased 47.1 per cent compared to the same period of 2018, total capital contributions standing at US$11.24 billion from 8,561 transactions. Vietnam Insider reports.
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Investment in the form of capital contributions and share purchase has increased sharply in recent years and accounts for an increasingly large proportion of total foreign investment. In 2017, this form accounted for 17 percent of total registered capital, in 2018 27.78 per cent, and in the first eleven months of 2019 35.4 per cent.
The report showed that total newly-registered and additional capital and capital contributions and shares purchased by foreign investors stood at US$31.8 billion in the first eleven months, up 3.1 per cent against the same period of 2018.
Meanwhile, there were 3,478 new projects granted investment licenses in the period, with total newly-registered capital of nearly US$14.68 billion, down 7 per cent year-on-year, while 1,256 projects added capital to the tune of US$5.87 billion, down 20.7 per cent against the same period of 2018.
Nineteen fields received investment from foreign investors, in which manufacturing and processing attracted much attention, with total capital of nearly US$21.56 billion, accounting for 67.8 per cent. Real estate ranked second, with US$3.31 billion, accounting for 10.4 per cent, while wholesale and retail was third and science and technology fourth.
There were 117 countries and territories with valid investment projects. Hong Kong led the way, with nearly US$6.69 billion, followed by South Korea with US$5.73 billion and Singapore with US$4.47 billion.
There were 117 countries and territories with valid investment projects in Vietnam | Photo: Viet Tuan
Sixty cities and provinces received investment in the period, in which Hanoi attracted the most, with more than US$6.82 billion, accounting for 21.5 per cent. Ho Chi Minh City followed, with more than US$5.48 billion, accounting for 17.2 per cent, then southern Dong Nai, Binh Duong and northern Bac Ninh provinces.
Notably, in the first eleven months, the number of delegations coming to explore investment opportunities in Vietnam increased sharply, by about 30 per cent compared to the same period in 2018. Many of these delegations sought opportunities to shift investment from China to Vietnam and were primarily from South Korea, China, Japan, Hong Kong (China) and Singapore.
Exports by the foreign-invested sector (including crude oil) in the first eleven months were worth US$166.7 billion, up 3.8 per cent year-on-year. Exports excluding crude oil stood at US$164.8 billion, up 3.9 per cent.
Imports by the FDI sector were US$134.1 billion, up 3.1 per cent against the same period of 2018. The FDI sector therefore recorded a trade surplus in the first eleven months of US$32.6 billion including crude oil and US$30.7 billion excluding crude oil
By Minh Do, VET/ Vietnam Insider