Seven-month FDI capital in Vietnam reaches US$11.7 billion

Monday, 2019-07-29 16:50:37
 Font Size:     |        Print
 

The manufacturing industry attracted the largest volume of capital, accounting for 73% of the total newly-registered capital during the seven-month period. (Illustrative image)
 Font Size:     |  

NDO – Total newly-registered and supplemented FDI capital in Vietnam was estimated at nearly US$11.7 billion in the first seven months of this year, down 35.6% compared to that during the same period last year, according to the General Statistics Office (GSO).

However, FDI disbursement during the January-July period was posted at US$10.6 billion, a year-on-year increase of 7.1%.

By July 20, Vietnam attracted 2,064 new FDI projects with a total registered capital of over US$8.2 billion, up 24.6% in terms of number of projects and down 37.4% in terms of registered capital compared to 2018.

In addition, 791 existing projects registered to increase capital during the period with a supplemented capital of over US$3.4 billion, a year-on-year decrease of 30%.

In the past seven months, foreign investors also carried out more than 4,300 transactions to contribute capital and acquire shares in domestic companies with a total value of US$8.52 billion, a sharp increase of 77.8% over the same period in 2018.

The manufacturing industry attracted the largest volume of capital, accounting for 73% of the total newly-registered capital during the seven-month period. Real estate came in second, occupying over 10% of total new-registered capital.

Binh Duong, Ho Chi Minh City, Tay Ninh and Bac Ninh were among the localities attracting the highest FDI capital in the January-July period.

China topped the list of foreign investors in Vietnam in the first seven months of this year with a total investment of over US$1.7 billion. It was followed by the Republic of Korea (over US$1.4 billion) and Japan (over US$1.1 billion).

During the period, Vietnamese investors poured over US$277 million in more than 100 projects in 30 countries and territories across the world.