Foreign investors poured $11.25 billion into Vietnam in eight months
By An Nhien
August 30, 2018 | 08:28 AM GMT+7
As of August 20, 2018, FDI projects disbursed $11.25 billion, up 9.2 per cent over the same period last year, according to a report just released by the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment (MPI).
Processing and manufacturing sector took the biggest share of FDI flows
In the first eight months of 2018, the total amount of foreign investment capital including new registration, increase adjustment and contribution for shares purchase deals reached $24.35 billion, an increase of 4.2 per cent year on year.
As of August 20, 2018, a total of 1,918 projects were granted investment registration certificates with a total newly registered capital of $13.48 billion, up 0.2 per cent year on year. There were 736 projects registered for increase in capital by $5.58 billion, an equivalent to 87.2 per cent over the same period in 2017.
Within the first eight months of 2018, the country had 4,551 turns of capital contribution and share purchase of foreign investors with total contributed capital of $5.28 billion, an increase of 50.9 per cent over the same period last year.
Foreign investors have invested in 17 sectors, of which processing and manufacturing sectors took the biggest share of FDI flows, followed by real estate sector and wholesale and retail sector.
Japan topped 97 countries and territories investing in Vietnam. South Korea and Singapore ranked the second and the third, respectively.
Hanoi led 59 cities and provinces in FDI attraction, followed by Ho Chi Minh City and Ba Ria – Vung Tau.
In a related move, Vietnam’s General Statistics Office (GSO)'s figures indicated that in the first eight months of 2018, export turnover was estimated at $155.41 billion, a 14.5 per cent increase year on year.
The domestic exports accounted for 29 per cent (up 17.4 per cent over the same period in 2017). FDI exports including crude oil amounted to 71 per cent (up 13.4 per cent year on year).
Import turnover in the first eight months was estimated at $152.66 billion, up 11.6 per cent over the same period last year. Of which, the domestic imports reached $61.85 billion, an increase of 11.8 per cent compared to the same period last year. FDI imports reached $90.81 billion, up 11.4 per cent year on year.
In terms of market size, export turnover to China in the first eight months accounted to the largest proportion with $41.4 billion, a 25.2-per cent increase year on year.
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