New foreign capital in Vietnam up over first 11 months

Update: 10:36 | 29/11/2018

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. 

Related newsNew foreign capital, Vietnam, newly-registered, additional foreign capital, foreign investors, foreign-invested projects, total export figures, Vietnamese outbound investment

As of November 20, 2018, there were 2,714 newly-licensed projects with a total registered capital of 15.78 billion USD, equivalent to 79.7 percent year-on-year. As many as 954 projects registered an additional capital of 7.4 billion USD or 92.6 percent annually.

New foreign capital, Vietnam, newly-registered, additional foreign capital, foreign investors, foreign-invested projects, total export figures, Vietnamese outbound investment

Illustrative image.

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

As of November 20, up to 16.5 billion USD was disbursed in foreign-invested projects, up 3.1 percent annually from the same period last year.

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

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

Among the 108 countries and territories investing in Vietnam, 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 billion USD, or 22.3 percent; while Singapore ranked third with 4.1 billion USD, equivalent to 13.4 percent.

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

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

During the period, Vietnam invested in 35 countries and territories, mostly in Laos with 97.6 million USD (27.3 percent), Australia with 52.7 million USD (14.7 percent), Slovakia with 35.9 million USD, followed by Cambodia, Cuba, and Myanmar.

 

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Source: VNA

 
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