Additional capital by foreign firms up over 24% in 10 months

Update: 17:01 | 29/10/2021

Foreign investors poured US$23.74 billion 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).

Of them, US$13 billion was newly-registered capital, up 11.6 percent; over US$7.09 billion was added to existing projects, up 24.2 percent; and US$3.63 billion was capital contribution, down 40.6 percent annually.

Additional capital, foreign firms, 10 months, Foreign investors, year-on-year increase, capital contribution, new projects

A car wheel production factory of Toyoda in Thai Binh Province.

During the first ten months of this year, foreign investors disbursed US$15.15 billion, down 4.1 percent year-on-year.

They poured capital in 18 out of 21 economic sectors, mostly in manufacturing and processing sector with US$12.74 billion, or 53.7 percent of the total registered capital. Electricity production and distribution followed with US$5.54 billion, real estate US$2.12 billion, wholesale and retail over US$803 million.

In terms of the number of new projects, manufacturing and processing, wholesale and retail, and science-technology attracted the most, accounting for a respective 33.1 percent, 27.8 percent and 16 percent of the total.

Among 97 countries and territories investing in Vietnam, Singapore took the lead with US$6.77 billion, or 28.5 percent of total investment in Vietnam, down 9.9 percent year-on-year. It was followed by the Republic of Korea with US$4.15 billion, up 21.3 percent and Japan with around US$3.4 billion, up 89.9 percent.

Among 58 cities and provinces receiving FDI, the southern province of Long An topped the list with US$3.68 billion, ahead of Ho Chi Minh City with more than US$2.73 billion and the northern city of Hai Phong with US$2.72 billion.

Ho Chi Minh City ranked first in terms of the number of new projects, projects with additional capital and share purchases, equivalent to 34.1 percent, 17.7 percent and 59.4 percent, respectively. The capital city of Hanoi 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 US$21.2 billion inclusive of crude oil, and roughly US$19.8 billion exclusive of crude oil, in nine months of this year. Meanwhile, the domestic sector posted a deficit of US$23.2 billion.

Bac Giang stimulates FDI flows in new normal condition
(BGO) - Along with many localities in the country, Bac Giang province has been heavily affected by the Covid-19 pandemic. Recognizing its advantages and overcoming difficulties, the province has achieved high results in attracting investment, especially foreign direct investment (FDI). However, to continue to stimulate this capital flow, breakthrough solutions are needed.
 
September bounce boosts Vietnam's FDI figures
Foreign Direct Investment (FDI) inflow this year as of September 20 grew by more than 4 percent year-on-year thanks to gains recorded this month.
 
Vietnam may attract US$30 billion in FDI this year: experts
Vietnam may attract about US$30 billion in foreign direct investment (FDI) in 2021, posting a year-on-year rise of 2%, economists forecast, pointing to positive signs in FDI attraction in the first eight months of 2021 despite the complexities of Covid-19.
 
Bac Giang ranks eight in FDI attraction
(BGO) – In spite of impact by Covid-19 pandemic, Bac Giang province drew nearly 800 million USD of foreign direct investment (FDI) in seven months, accounting for nearly 67 percent of the yearly target, including 21 new domestic projects and 13 FDI ones with registered capital of 613 million USD, over two folds year on year increase. The figure helped the province rank eight nationwide in FDI attraction.  
 
Vietnam among world's top 20 host economies for FDI
Vietnam was named among the world’s top 20 host economies for foreign direct investment for the first time in 2020 with an inflow of 16 billion USD.
 

Source: NDO/VNA

 
Bình luận mới vừa được thêm vào. Click để xem
Mới nhấtHay nhấtXếp theo: