Additional capital by foreign firms up over 24 pct in 10 months
Foreign investors poured 23.74 billion USD in new projects, existing projects, and in contribution of capital and share purchases as of October 20, up 1.1 percent year-on-year, reported the Ministry of Planning and Investment (MPI).
Hanoi (VNA) ♏– Foreign investors poured 23.74 billion USD in new projects, existing projects, and in contributionof capital and share purchases as of October 20, up 1.1 percent year-on-year, reported the Ministry of Planningand Investment (MPI).
Of them, 13 billion USD was newly-registered capital, up 11.6percent; over 7.09 billion USD was added to existing projects, up 24.2 percent; and 3.63billion USD was capital contribution, down 40.6 percent annually. During the first ten months of this year, foreign investors disbursed15.15 billion USD, down 4.1 percent year-on-year. They poured capital in 18 out of 21 economic sectors, mostly inmanufacturing and processing sector with 12.74 billion USD, or 53.7 percent ofthe total registered capital. Electricity production anddistribution followed with 5.54 billion USD, real estate 2.12 billion USD, wholesale andretail over 803 million USD. In terms of the number of new projects, manufacturing andprocessing, wholesale and retail, and science-technology attracted the most, accountingfor a respective 33.1 percent, 27.8 percent and 16 percent of the total. Among 97 countries and territories investing in Vietnam, Singaporetook the lead with 6.77 billion USD, or 28.5 percent of total investment inVietnam, down 9.9 percent year-on-year. It was followed by the Republic ofKorea with 4.15 billion USD, up 21.3 percent and Japan with around 3.4 billionUSD, up 89.9 percent. Among 58 cities and provinces receiving FDI, the southern provinceof Long An topped the list with 3.68 billion USD, ahead of Ho Chi Minh Citywith more than 2.73 billion USD and the northern city of Hai Phong with2.72 billion USD. Ho Chi Minh City ranked first in terms of the number of newprojects, projects with additional capital and share purchases, equivalent to34.1 percent, 17.7 percent and 59.4 percent, respectively. The capital city ofHanoi came second in the number of new projects. According to the MPI’s Foreign Investment Agency, the foreign-invested sector ran a trade surplus of nearly 21.2 billion USD inclusiveof crude oil, and roughly 19.8 billion USD exclusive of crude oil, in ninemonths of this year. Meanwhile, the domestic sector posted a deficit of 23.2billion USD./.
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Illustrative image (Photo: VNA) 
