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Last updated: Friday, October 20, 2017

 

Vietnam Jan-Sep FDI Inflows Up 13.4% at $12.5 Billion

Posted: Thursday, September 28, 2017

The disbursement of foreign direct investment (FDI) in Vietnam for the first nine months of the year is expected to rise 13.4% from a year earlier to $12.5 billion, the Ministry of Planning and Investment said Thursday.

FDI pledges in the period rose 34.3% year on year to $25.48 billion, the ministry said in a statement.

Disbursement refers to the actual amount of money spent, while FDI pledges indicate the size of future disbursements.

Of the FDI pledges in the 9-month period, 49.6% is to be invested in manufacturing, 21% in power generating and distributing and 6.2% in retail businesses, the ministry said.

South Korea was the largest source of FDI pledges during the period, followed by Japan and Singapore, it said. Ho Chi Minh City, Thanh Hoa province and Bac Ninh province accounted for 39.3% of the fresh FDI pledges.

The largest FDI projects licensed in the first nine months included a $2.79-billion power plant in Thanh Hoa province, a $2.5-billion project to expand Samsung Display Vietnam’s factory in Bac Ninh province and a $2.07-billion project by a Singaporean company to buid a coal-fired power plant in Nam Dinh province.

Exports by foreign-invested companies in the January-September period are estimated to have risen 21% from a year earlier to $110.8 billion, accounting for around 71.9% of Vietnam's total exports, the ministry said.

VTK








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