Vietnam welcomed 702 new foreign direct investment (FDI) projects with total registered capital of US$3.6 billion between January 1 and November 16 this year, up 11.4 per cent in terms of project and 81.8 per cent in capital against the same period last year, according to the Government’s General Statistics Office.
The fresh foreign investment focused on the industrial and services sectors. The country licensed 226 projects capitalized at US$610 million into light industries, 194 projects with US$1.4 billion into heavy industries, 104 projects with US$82.2 million in the services sector.
The remainder came to agriculture-aquaculture-forestry, foodstuff, culture, healthcare and education, construction, hotel and tourism, and transport and telecommunications.
Ho Chi Minh City took the lead in terms of project number with 207 capitalized at US$249.8 million in the period, followed by southern Binh Duong province with 126 projects worth US$265.2 million, Hanoi with 82 projects valued at US$1.21 billion, and southern Dong Nai province with 78 projects capitalized at over US$410 million.
There are 40 countries and territories in the world having invested in 40 cities and provinces in Vietnam since the beginning of the year.
South Korea was the biggest foreign investor in Vietnam between January 1 and November 16 with 168 projects capitalized at US$491.6 million, and Taiwan came next with 132 projects valued at over US$1 billion. Following were Japan with 77 projects worth over US$259 million, Singapore with 48 projects and total registered capital of US$144.5 million, the US with 40 projects worth US$98.7 million, and China with 39 projects valued at US$65.6 million.
Vietnam also allowed 439 existing FDI projects to raise capital by US$1.68 billion totally in the eleven-month period, up 6.8 per cent in terms of project and down 0.6 per cent in terms of increased capital on-year.
The total implemented FDI capital was US$250 million in November and US$3 billion in the first eleven months (a year-on-year increase of 14.5 per cent).
FDI firms in the country reported total revenues of US$20.2 billion in the period, up 26.6 per cent on-year. They also contributed US$985 million into Vietnam’s State budget, up 35.3 per cent.
Vietnam hopes to attract around US$5 billion in FDI this year and US$5.6 billion next year.
Vietnam & World Economy
Vietnamese
