FDI inflows reach nearly US$23 billion in seven months

23:29 - 30/07/2018

Viet Nam has attracted US$22.94 billion worth of FDI capital in the first seven months of this year, an increase of 4.6% over the same period in 2017, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.

Of the total amount, US$13.2 billion came from newly registered capital, US$4.95 billion worth of supplemented capital and nearly US$4.79 billion worth of capital contribution and share purchases, up over 53% compared to the corresponding period last year.

This July witnesses a rebound of FDI capital year-on-year, while those of the January-June period were all lower than last year’s figures.

According to FIA, foreign investors had injected money into 17 sectors in the first seven months. Of these, the processing and manufacturing sector secured the top position in attracting overseas investment, worth US$9.63 billion, accounting for 41.95% of the country’s total.

Meanwhile, the real estate sector ranked second, with the total investment capital hitting US$5.6 billion, making up 24.4% of the total, and the wholesale and retail sector came third, with the total registered capital reaching US$1.69 billion, accounting for 7.4%.

Besides this, FDI firms simultaneously boasted robust growth in operations, particularly in terms of trade.

In the past seven months, 96 countries and territories have poured investment into Viet Nam with Japan being the top investor, posting a total investment of US$6.88 billion, accounting for nearly 30% of total FDI capital in Viet Nam. The Republic of Korea (RoK) came in second with a total registered capital of US$5.46 billion, making up 23.8% of the total investment in Viet Nam.

Imports of the foreign investment sector reached US$76.46 billion, up 8.5% year-on-year and accounting for 58.5% of the nation’s total. In general, this sector achieved a trade surplus of US$18.67 billion when including crude oil and US$16.9 billion when excluding crude oil.

As estimated by FIA, in the year to July 20, FDI projects had disbursed US$9.85 billion, rising 8.8% versus the year-ago period.

In the January-July period, Viet Nam has also invested in 32 countries and territories with a total registered and supplemented capital of US$279.63 million.

source: chinhphu.vn

FDI inflows reach nearly US$23 billion in seven months

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