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Vietnam Today

5M FDI the highest in 4 years

Released at: 13:40, 25/05/2019

5M FDI the highest in 4 years

Photo: vietnambiz

Total FDI up 69% in first five months.

by Minh Do

Total newly-registered and additional capital and capital contributions and shares purchased by foreign investors stood at $16.74 billion in the first five months of 2019, up 69.1 per cent against the same period of 2018 and the highest in four years, according to the latest report from the Ministry of Planning and Investment (MPI) released on May 23.

There were 1,363 new projects granted investment licenses with total newly-registered capital of nearly $6.46 billion, up 38.7 per cent year-on-year, while 505 projects added capital to the tune of $2.63 billion, up 5.5 per cent against the same period of 2018.

There were 3,160 instances of capital contributions and share purchases by foreign investors in the period, with capital contributions standing at $7.65 billion; 2.5-fold higher year-on-year and accounting for 45.7 per cent of total capital. FDI projects disbursed $7.3 billion in the first five months, up 7.8 per cent.

Nineteen fields received investment from foreign investors, in which manufacturing and processing attracted much attention, with total capital of nearly $12 billion, accounting for 71.8 per cent. Real estate ranked second, with $1.38 billion, accounting for 8.2 per cent, while wholesale and retail ranked third, with $864 million, or 5.2 per cent.

There were 88 countries and territories with new investment projects. Hong Kong again led the way, with nearly $5.08 billion, accounting for 30.4 per cent, followed by South Korea with $2.62 billion and Singapore with $2.09 billion, accounting for 15.7 per cent and 12.5 per cent, respectively.

Fifty-five cities and provinces received investment in the period, in which Hanoi attracted the most, with more than $4.79 billion, accounting for 28.6 per cent. Ho Chi Minh City ranked second, with more than $2.78 billion, accounting for 16.6 per cent, then southern Binh Duong province, with $1.25 billion, or 7.4 per cent.

Exports by the foreign-invested sector (including crude oil) in the first five months were worth $70.4 billion, up 4.7 per cent year-on-year and accounting for 69.9 per cent of the total. Exports excluding crude oil stood at $69.5 billion, up 4.7 per cent against the figure in the first five months of 2018 and accounting for 69 per cent of the total.

Imports by the FDI sector were $52.85 billion, up 6.6 per cent against the same period of 2018 and capturing 56.9 per cent of total import turnover. The FDI sector therefore recorded a trade surplus in the first four months of $12.73 billion including crude oil and $11.85 billion excluding crude oil.

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