Actual FDI in Vietnam up 6% to US$13.25 billion in 9 months

04.10.2018

Foreign direct investment (FDI) commitments in the first nine months totaled US$25.37 billion, nearly unchanged from a year earlier, according to the investment ministry.

As of September 20, disbursement of FDI projects jumped to US$13.25 billion, representing an increase of 6% year-on-year, a report of the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment has shown.

According to the agency, 2,182 new projects have been approved with total investment capital of US$14.1 billion between January and September, down 3% from the corresponding period last year, while 841 existing projects have injected an additional US$5.5 billion, down 17.9% from the same period last year.

Meanwhile, in the nine months through September, 5,275 projects have had US$5.7 billion in capital contributed by foreign investors, up 36.8% year-on-year.

Investors have invested in 18 fields and sectors, in which manufacturing and processing continued to attract substantial attention with investment capital of US$11.3 billion, accounting for 44.6% of total capital approvals.

Real estate was the second most heavily invested, with US$5.8 billion, or 23% of total registered capital, followed by retail and wholesale with US$2.1 billion or 8.3%.

The data shows that 104 countries and territories invested in Vietnam in the nine-month period, with Japan taking the lead with US$7 billion, accounting for 28% of total investment. South Korea came second with US$5.6 billion or 22.4% of total investment, while the third place belonged to Singapore with US$3.6 billion or 14.4%.

Among 59 cities and provinces having received foreign investment, Hanoi attracted the largest portion of registered capital with US$5.8 billion, or 22.9% of total investment, followed by Ho Chi Minh City with US$4.2 billion or 16.6% of the total investment, and Ba Ria – Vung Tau with US$2.1 billion, accounting for 8.5% of total investment.

The biggest-ticket projects in six months include the smart city project in Dong Anh district, Hanoi with total investment capital of US$4.138 billion; the US$1.2-billion polypropylene manufacturing plant by Hyosung Corporation (South Korea) located at Cai Mep Industrial Zone in Ba Ria – Vung Tau; the Laguna hospitality project with additional fund of US$1.12 billion from Singaporean investors.

Additionally, Vietnam licensed the US$600-million Lotte Mall Hanoi project that embraces a hotel, apartment, office, and trade center complex; and the LG Innotek Hai Phong facility with additional capital of US$501 million for manufacturing camera modules.

Source: Vietnam.net

Photo: VAM