Vietnam Time

4/29/2019 6:57:37 PM

Four-month FDI reaches record level in four years

Foreign direct investment (FDI) in Vietnam witnessed a significant yearly increase of 81 percent to USD 14.59 billion in the first four months of the year, according to the Foreign Investment Agency (FIA) under Ministry of Planning and Investment.

The result is the highest in the past four years.

FDI disbursement also rose by 7.5 percent from the same period last year to reach USD 5.7 billion.

Up to 1,082 new projects were granted licences with total registered capital of USD 5.34 billion, up 50.4 percent from the same period last year, while 395 existing projects receiving an additional USD 2.11 billion, 94 percent of the level from the corresponding period last year.


Vietnam attracted a record FDI level of USD 14.59 billion in the first four months of the year. Photo: cafef.vn

Meanwhile, capital pledged for stake acquisitions reached USD 5.68 billion, triple the same period last year, the FIA said.

Foreign investors poured their cash into 19 sectors. Manufacturing and processing remained the most appealing sector by attracting USD 10.5 billion, accounting for 72 percent of total investment inflow. It was followed by real estate with USD 1.1 billion (7.5 percent) and wholesale and retail with USD 742.7 million (5 percent).

Hong Kong was the leading source of foreign investment with USD 4.7 billion among 80 countries and territories investing in Vietnam,  nearly 32.5 percent of the country’s total FDI. The Republic of Korea ranked second with USD 1.98 billion (13.6 percent), and Singapore came next with USD 1.87 billion (12.8 percent).

In the first four months of the year, Hanoi lured the largest share of registered capital with USD 4.47 billion, or 30.6 percent of total investment. The capital was followed by HCM City with USD 2.37 billion (16.3 percent) and the Southern province of Binh Duong with USD 1 billion (7 percent).

Exports (including crude oil) of the foreign sector reached USD 55.4 billion, a 4 percent year-on-year increase and accounting for 70 percent of the country’s total export turnover.

The sector's import turnover in the January - April period rose by 9 percent compared to the same period last year to USD 42.3 billion, accounting for 58 percent of the country’s total import turnover.

The foreign sector enjoyed a trade surplus of USD 13.1 billion in the four months.

  ( VNF )
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