Foreign investors poured $1.55 billion into Vietnam in Jan
By An Nhien
January 31, 2019 | 07:08 AM GMT+7
In January 2019, FDI projects were estimated to have disbursed $1.55 billion, up 9.2 per cent over the same period of 2017, according to the recently released report of the Foreign Investment Agency, Ministry of Planning and Investment.
The total of capital invested by foreign investors in Vietnam reached $1.9 billion
The total of newly registered capital, increased capital and equity capital of foreign investors reached $1.9 billion, up 51.9 per cent over the same period in 2018.
Export of the foreign direct investment (FDI) sector including crude oil reached $13.58 billion, equaling 94.9 per cent over the same period in 2018 and accounting for 67.9 per cent of export turnover. Export excluding crude oil reached $13.4 billion, equaling 95 per cent of the same period in 2018 and accounting for 67 per cent of export turnover.
Imports reached $11.75 billion, equaling 98.7 per cent over the same period in 2018 and accounting for 56.4 per cent of import turnover. Import and export turnover of the foreign sector decreased year on year, but in general, the trade surplus reached $1.83 billion including crude oil and $1.65 billion excluding crude oil.
By January 20, 2019, 226 new projects were granted investment registration certificates (IRCs) with the total new registered capital of $805 million, up 81.9 per cent over the same period in 2018. 72 projects registered to adjust investment capital, which increased by $340.2 million, equaling 74.5 per cent year on year.
Also in January 2019, there were 489 capital contributions and shares purchase of foreign investors with the total capital contribution of $761.8 million, up 114 per cent year on year.
Regarding investment fields, foreign investors have invested in 18 sectors, in which the processing and manufacturing industries are the most attractive areas to them. The field of profession, science and technology activities ranks second, followed by real estate business.
Regarding investment partners, 51 countries and territories own investment projects in Vietnam, in which Japan is the first, South Korea ranks second and China ranks third.
Regarding investment location, foreign investors have invested in 39 provinces and cities, in which Ho Chi Minh City has attracted the most, followed by Binh Duong and Hai Duong. Some notable projects which were granted IRCs in January 2019 were named as followed.
The “Kyoshin Co., Ltd.” project increased investment capital by $134.7 million. It has been invested by Japanese investors in Ho Chi Minh City since 1995 for manufacturing, processing and exporting electrical appliances and moulds.
The “Katolec Global Logistics Vietnam” project, with the total investment of $65 million, has been invested by Katolec Corporation (Japan) for warehousing and storing goods in Ha Nam.
The “Sews-Components Vietnam Factory II” project, with the total registered investment capital of $64.89 million, has been invested by Japanese investors in Hung Yen for building a factory that manufactures electrical and electronic components for cars and motorcycles.
The “Huanyu Textile Chemical Factory” project, with the total registered investment capital of $60 million, has been invested by Chinese investors in Tay Ninh for producing textile dyes.
The “Phu Son Domestic Waste Treatment Plant” project has been invested by Chinese investors for waste treating in Thua Thien Hue.
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