Foreign investment capital poured into Vietnam tops US$16.43 billion in nine months

Saturday, 2016-09-24 16:13:58
 Font Size:     |        Print

Hai Phong attracts the most capital-intensive flows, with a total sum up of newly registered capital and additional capital reaching US$2.74 billion during Jan-Sep period.
 Font Size:     |  

NDO – As of September 20, new and additional pledges of foreign direct investment (FDI) has reached US$16.43 billion, accounting for 95.8% against the same period in 2015, the Foreign Investment Agency (FIA) announced on September 23.

FID disbursement has reached more than US$11 billion, up 12.4% from a year ago.

In the past nine months, 1,820 new projects have been granted investment certificates with a total registered capital of US$11.2 billion. During this time, there have been 851 projects registered to adjust capital, with a total additional registered capital of US$5.3 billion.

According to the FIA, FDI sector exports (including crude oil) in the first nine months of 2016 reached US$91.2 billion, an increase of 7.4% over the same period in 2015 and accounting for over 71% of export turnover. Exports excluding crude oil during this period reached US$89.5 billion, up 9.3% year on year and accounting for 69.7% of export turnover.

The sector enjoyed a trade surplus of US$17.146 billion including crude oil and US$15.5 billion excluding crude oil.

Foreign investors have invested in nineteen industry sectors, with manufacturing remaining the most attractive one. The sector attracted 767 newly registered investment projects and 608 additional capital projects with total investment pledges of US$12.15 billion, accounting for 73.9% of total registered investment capital in nine months.

The Republic of Korea remained the largest investor in Vietnam, with more than US$5.6 billion in both new and additional pledges, accounting for 34% of total investment. Singapore was second with US$1.84 billion, followed by Japan with US$ 1.7 billion.

The northern port city of Hai Phong became the largest recipient of FDI capital with total new and additional pledges of US$2.74 billion, followed by Dong Nai and Binh Duong Provinces with US$1.89 billion and US$1.5 billion, respectively.