FDI into Vietnam falls 13.4 percent in seven months
About 20.2 billion USD of foreign direct investment (FDI) flowed into Vietnam from the year’s beginning to July 20, down 13.4 percent year on year, according to the General Statistics Office (GSO).
The sausage factory of the Japanese-invested Nipponham Vietnam Foods JSC in Long Hau Industrial Park in Long An province (Photo: VNA)
Hanoi (VNA) 😼– About 20.2 billion USD of foreigndirect investment (FDI) flowed into Vietnam from the year’s beginning to July20, down 13.4 percent year on year, according to the General Statistics Office(GSO).
Of this sum, 8.27 billion USD was poured into2,064 new projects, down 37.4 percent in the capital but up 24.6 percent in theproject number compared to the same period last year.
Meanwhile, 791 existing projects were added with3.4 billion USD, down 30.8 percent.
Besides, foreign investors spent 8.52 billionUSD contributing capital to or purchasing shares of domestic firms, up 77.8percent.
During the reviewed period, most of the FDIcapital was still channelled into processing – manufacturing, followed by realestate, and wholesale – retail and automobile – motorcycle repair, the GSOnoted.
The processing – manufacturing industryattracted 9.07 billion USD in both new and additional capital and the realestate sector received 716 million USD, respectively accounting for 77.6percent and 6.1 percent of the registered capital. Other sectors attracted 1.9billion USD, accounting for 16.3 percent.
Foreign investors also poured 5.3 billion USDinto Vietnamese processing – manufacturing companies, 754 million USD intolocal property businesses and 2.3 billion USD in firms working in other fields.These figures respectively made up 63.2 percent, 8.9 percent and 27.9 percentof all money they spent on contributing capital to or buying shares of domesticfirms.
In the seven months, new FDI projects werelicensed in 48 provinces and centrally-run cities.
Binh Duong province took the lead with 766million USD or 9.3 percent of the newly registered capital. It was followed byHo Chi Minh City 688 million USD – 8.3 percent, Tay Ninh province 599 millionUSD – 7.25 percent, Bac Ninh 597 million USD – 7.22 percent, and Hanoi 269million USD – 3.3 percent, statistics show. -VNA
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The sausage factory of the Japanese-invested Nipponham Vietnam Foods JSC in Long Hau Industrial Park in Long An province (Photo: VNA)
