Japan ranks top foreign investor in first seven months
By An Nhien
July 30, 2018 | 08:28 AM GMT+7
Japan topped 96 countries and territories having investment projects in Vietnam, followed by South Korea and Singapore, according to report by Foreign Investment Agency
A report released by the Foreign Investment Agency under Ministry of Planning and Investment showed that in the first seven months of 2018, the total amount of foreign investment capital including new registration, increase adjustment and contribution for shares purchase deals reached $22.94 billion, an increase of 4.6 per cent year-on-year (yoy).
The country had 3,331 turns of capital contribution and share purchase of foreign investors with total contributed capital of nearly $4.79 billion, an increase of 53.3 per cent over the same period of 2017.
FDI exports including crude oil reached $95.13 billion, a 14.6-per cent yoy increase and accounted for 71.2 per cent of export turnover. Exports excluding crude oil reached $93.36 billion, an increase of 14.9 per cent over the same period last year and accounted for 69.8 per cent of export turnover.
The imports of the FDI sector was $76.46 billion, a growth of 8.5 per cent compared to the same period in 2017 and amounted to roundly 58.5 per cent of import turnover. Generally, the FDI sector's trade surplus including crude oil exceeded $18.67 billion and $16.9 billion excluding crude oil.
As of July 20, 2018, the disbursed capital of FDI projects was estimated to reach $9.85 billion, an increase of 8.8 per cent over the same period last year.
Additionally, a total of 1,656 new projects were granted with certificates of investment registration with the total newly registered capital of $13.2 billion, a growth of 2.2 per cent yoy.
There were 627 projects registered for investment capital adjustment with total registered capital increase of $4.95 billion, equivalent to 84.2 per cent over the same period in 2017.
In terms of investment sectors, foreign investors have invested in 17 sectors, of which manufacturing sector is the most attractive one for foreign investors, followed by real estate sector and wholesale and retail sector.
In respect of investment areas, foreign investors have invested in 59 provinces and cities, of which Hanoi led in FDI attraction, followed by Ho Chi Minh City and Ba Ria - Vung Tau province.
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