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FDI exceeds $20 billion

Released at: 09:54, 28/12/2014

FDI exceeds $20 billion

Figure less than last year but higher than targeted, according to FIA.

by Minh Tuyet

Registered foreign-direct investment (FDI) to Vietnam as at December 15 reached around $20.23 billion, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment, or 6.5 per cent less than in 2013.

There were 1,588 newly-registered projects with total registered capital of $15.64 billion, an increase of 9.6 per cent for the latter compared to last year.

There were 594 projects that registered to increase their capital, totaling $4.58 billion, for a decline of 37.6 per cent compared to last year.

Although the total of new and increased capital fell 6.5 per cent compared to 2013, it was 19 per cent higher than the targeted $17 billion, according to FIA. Experts say this is surprising, because in the first ten months committed FDI was continually 20 per cent less than the target.

Billion dollar projects such as those of South Korea-registered Samsung and Hong Kong-registered Dewan International were behind the result.

Leading the way in FDI attraction were processing and manufacturing, according to FIA, with 774 newly-registered projects worth $14.49 million in new and increased capital, accounting for 71.6 per cent of the total.

Real estate also performed well, attracting 35 newly-registered projects for a total of $2.54 billion in both new and increased capital. 

FDI disbursement in 2014 has been positive, the FIA said, at an estimated $12.35 billion for the year, an increase of 7.4 per cent against 2013 and 2.9 per cent higher than the target.

The total export value of foreign invested enterprises (FIEs) in 2014 reached $101.59 billion, 15.2 per cent higher than last year. Their total imports stood at $84.56 billion, an increase of 13.6 per cent compared with last year. FIEs therefore posted a trade surplus of $17.03 million.

As regards countries and territories, South Korea led the way with total newly-registered and additional capital of $7.32 billion, accounting for 36.2 per cent of all registered FDI into Vietnam in 2014. Following was Hong Kong, with a total of $3 billion and accounting for 14.8 per cent, and Singapore, with $2.79 billion and accounting for 13.8 per cent. Japanese FDI ranked fourth, with a total of $2.05 billion and accounting for 10.1 per cent of the total.

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