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New foreign capital in Vietnam up over first 11 months

The total newly-registered, additional foreign capital and foreign investors’ stake purchase reached 30.8 billion USD over the first 11 months of the year, or 93.2 percent from the same period last year, reported the Ministry of Planning and Investment’s Foreign Investment Agency.
New foreign capital in Vietnam up over first 11 months ảnh 1Illustrative image (Source: VNA)
Hanoi (VNA) – The total newly-registered,additional foreign capital and foreign investors’ stake purchase reached 30.8billion USD over the first 11 months of the year, or 93.2 percent from the sameperiod last year, reported the Ministry of Planning and Investment’s ForeignInvestment Agency.

As of November 20, 2018, there were 2,714 newly-licensedprojects with a total registered capital of 15.78 billion USD, equivalent to79.7 percent year-on-year. As many as 954 projects registered an additionalcapital of 7.4 billion USD, or 92.6 percent annually.

During the 11-month period, foreign investors bought stakesworth 7.6 billion USD, up 44.4 percent year-on-year.

As of November 20, up to 16.5 billion USD was disbursed inforeign-invested projects, up 3.1 percent annually from the same period lastyear.

Exports from the foreign-invested area, including crude oil,hit 160.3 billion USD, up 13.4 percent year-on-year, accounting for nearly 71.7percent of total export figures. Meanwhile, exports exclusive of crude oil roseby 14 percent to 158.3 billion USD, making up 70.7 percent.

Foreign firms invested in 18 fields – mostly inmanufacturing and processing with a total capital of 14.2 billion USD andaccounting for 46.2 percent of all foreign investment. It was followed by realestate with 6.5 billion USD, or 21.3 percent; and wholesale and retail with 3.1billion USD, equivalent to 10 percent.

Among the 108 countries and territories investing inVietnam, Japan ranked first with a combined capital of roughly 8 billion USD,accounting for 25.9 percent. The Republic of Korea was second with 6.8 billionUSD, or 22.3 percent; while Singapore ranked third with 4.1 billion USD, equivalentto 13.4 percent.

Foreign firms have already invested in 59 cities andprovinces, predominantly in Hanoi with 6.3 billion USD, accounting for 20.4percent; Ho Chi Minh City, with 5.6 billion USD (18.1 percent); and thenorthern port city of Hai Phong, with 2.49 billion USD (8 percent).

Finance-banking ranked first in terms of Vietnamese outboundinvestment with the newly-registered and additional capital of 105.7 millionUSD, or 29.5 percent of the total. Agro-forestry-fisheries ranked second with 68.4million USD, making up 19.1 percent; while manufacturing and processing came thirdwith 50.9 million USD, or 14.2 percent.

During the period, Vietnam invested in 35 countries andterritories, mostly in Laos with 97.6 million USD (27.3 percent), Australiawith 52.7 million USD (14.7 percent), Slovakia with 35.9 million USD, followedby Cambodia, Cuba, and Myanmar. –VNA 
VNA

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