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FDI disbursement up 7.6%

Released at: 14:57, 31/10/2016

FDI disbursement up 7.6%

Photo: Duc Anh

Disbursement up as new and additional FDI capital down in first ten months.

by Nghi Do

New and additional FDI capital totaled $17.6 billion in the first ten months of the year, representing 91.3 per cent of the figure in the same period of 2015, according to the latest report from the Ministry of Planning and Investment.

As at October 20, 2,061 new projects had been granted investment licenses with total registered capital of $12.2 billion, equal to 98.7 per cent of the figure in the same period last year, while 967 existing projects added $5.35 billion in capital, equal to 77.9 per cent.

FDI projects were estimated to have disbursed $12.7 billion, up 7.6 per cent year-on-year.

Export turnover in the FDI sector (including crude oil) in the first ten months was $102.7 billion, up 8.1 per cent compared to the same period last year. Excluding crude oil the figure was $100.7 billion, up 9.8 per cent.

Import turnover in the FDI sector was $83.2 billion, a 1.9 per cent increase year-on-year. The sector therefore recorded a trade surplus of $19.5 billion including crude oil and $17.5 billion excluding crude oil.

Nineteen sectors received investment, in which manufacturing and processing attracted the most, with 842 newly-registered projects and 691 projects adjusting their capital, for a total of $12.84 billion, or 72.9 per cent of all registered capital in the first ten months.

Real estate was second, with 46 new projects and total capital of $982.6 million, or 5.5 per cent of the total. Professional activities and science and technology ranked third, with $557.6 million, or 3.7 per cent.

Foreign investment came from 65 countries and territories, led by South Korea, with total new and additional capital of $5.62 billion, or 31.9 per cent of the total. Japan followed, with $1.92 billion, or 10.9 per cent, then Singapore, with $1.73 billion, or 9.8 per cent.

Fifty-four cities and provinces received investment, led by northern Hai Phong city with 43 new projects and 34 projects adjusting their capital, totaling $2.73 billion, or 15.5 per cent of the total.

Hanoi was second with new and additional capital of $2.03 billion, or 11.5 per cent, followed by southern Dong Nai and Binh Duong provinces with total new and additional capital of $1.87 billion and $1.67 billion, respectively.

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