Vietnam lures over 18 billion USD in foreign capital in seven months

Total registered foreign capital in Vietnam during January – July amounted to more than 18 billion USD in Vietnam, a year-on-year increase of 10.9%, according to the Ministry of Planning and Investment’s Foreign Trade Agency.
aa
Vietnam lures over 18 billion USD in foreign capital in seven months
Inside a foreign-invested firm at Quang Minh industrial park, Hanoi (Photo: VNA)

The disbursed investment was recorded at over 12.55 billion USD, up 8.4% as compared to the same time last year.

Foreign investors injected 10.76 billion USD in 1,816 new projects, rising 35.6% and 11.6%, respectively.

Meanwhile, 734 projects had their capital adjusted up with a total amount of more than 10.76 billion USD, down 0.3% in the project number, and up 19.4% in capital year-on-year.

Capital contributions and share purchases fell 45.2% to 2.27 billion USD.

The agency said that foreign investors funneled their money in 18 out of 21 economic sectors, with the processing and manufacturing industry attracting the largest share of over 12.65 billion USD, or 70.3% of the total. The realty sector came second with more than 2.87 billion USD, wholesale and retail sale industry third with nearly 740.5 million USD, and professional activities and science-technology fourth with over 490.6 million USD.

Registering 6.52 billion USD, Singapore was the biggest investor among 91 countries and territories investing in the nation in the reviewed period, followed by China’s Hong Kong, Japan, China and the Republic of Korea.

The foreign investors landed their capital in 48 cities and provinces across the nation. Bac Ninh attracted the largest amount of foreign capital with nearly 3.2 billion USD while in the second and third places were Quang Ninh and Ho Chi Minh City, luring over 1.56 billion USD and 1.55 billion USD, respectively.

The foreign-invested sector enjoyed a trade surplus of around 27.9 billion USD (including crude oil), and contributed greatly to the nation’s trade surplus of 12.4 billion USD during the seven-month period.

As of July 20, Vietnam was home to 40,777 valid foreign projects with total registered capital of 487 billion USD. Some 309.7 billion USD was disbursed by the time./.

en.vietnamplus.vn

Đọc thêm

Heineken to shift production from Singapore to Vietnam and Malaysia

Heineken to shift production from Singapore to Vietnam and Malaysia

Dutch brewer Heineken will shift its brewing production from Singapore to Vietnam and Malaysia as part of its strategy to build a more agile regional supply approach.
Lynas secures Vietnam metal processing deal with LS Eco Energy

Lynas secures Vietnam metal processing deal with LS Eco Energy

Australian rare-earths miner Lynas has signed a framework agreement with LS Eco Energy to produce rare earth metals at a new facility in Vietnam.
Vietnam and EU seek to strengthen ties in transport infrastructure and urban development

Vietnam and EU seek to strengthen ties in transport infrastructure and urban development

Vietnam and the EU will enhance cooperation in transport infrastructure and sustainable urban development in the future, a meeting has heard.
Warburg Pincus eyes participation in Vietnam International Finance Centre

Warburg Pincus eyes participation in Vietnam International Finance Centre

Global private equity firm Warburg Pincus is keen on participating in the Vietnam International Finance Centre, according to a conference held on March 23.
Novatek eyes expanded LNG cooperation in Vietnam

Novatek eyes expanded LNG cooperation in Vietnam

As Vietnam races to secure its energy future and meet the demands of its surging economy, a new partnership with a Russian energy giant is taking shape, signalling a deepening of the nations' long-standing ties.
EU to mobilise over $1 billion for major infrastructure projects in Vietnam

EU to mobilise over $1 billion for major infrastructure projects in Vietnam

The European Union has launched a $46.4 million Sustainable Transport Development Fund to support large-scale infrastructure projects in Vietnam, with plans to mobilise additional financing from banks and private partners.
NIC partners with TU Berlin to boost Vietnam innovation ties

NIC partners with TU Berlin to boost Vietnam innovation ties

The National Innovation Centre has partnered with a leading technical university in Berlin to strengthen innovation and startup linkages between Vietnam and Germany.
ACB proposes $20 million non-life insurance subsidiary

ACB proposes $20 million non-life insurance subsidiary

Southern lender ACB has unveiled a formal proposal to establish a non-life insurance subsidiary as part of a strategic pivot to evolve into a comprehensive financial services provider by 2030.
Xem thêm

Mới nhất Đọc nhiều