FDI disbursement grows 13.4% in Jan-Sep

VGP – Total sum of registered capital from new projects, additional funding and investment in the form of capital contribution, and share purchase valued US$25.48 billion in September, representing a year-on-year growth of 34.3%, the Foreign Investment Agency under the Ministry of Planning and Investment reported.

September 29, 2017 9:32 AM GMT+7

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As of September 20, FDI disbursement was estimated at US$ 12.5 billion, up 13.4% against the same period last year.

Specifically, 1,844 FDI projects got investment licenses worth US$ 14.56 billion, up 30.4% against the same period last year. As much as 878 projects got additional capital with US$ 6.75 billion, up 28.3% against the same period last year. Investment in the form of capital contribution, and share purchase was US$ 4.16 billion, up 64% against the same period last year.

Regarding fields of investment, the processing and manufacturing sector was the most attractive destination of foreign investors by absorbing US$ 12.64 billion and accounting for 49.6% of total registered capital. Electricity production and supply ranked second with US$ 5.37 billion, accounting for 21% of total registered capital. The wholesale and retail sale sector absorbed US$ 1.58 billion, accounting for 6.2% of total registered capital.

>>> FDI figures in first nine months

The Republic of Korea was the largest FDI provider with US$ 6.31 billion, making up 24.7% of total investment capital; followed by Japan with US$ 5.91 billion (23.17%); Singapore with US$ 4.14 billion (16.2%).

HCMC was the most attractive FDI destination by absorbing US$ 3.74 billion of total investment (14.6% of total investment); followed by Thanh Hoa with US$ 3.15 billion (12.4%); Bac Ninh with US$ 3.14 billion (12.3%).

As of September 20, Viet Nam housed 24,199 effective FDI projects worth US$ 310.19 billion. FDI disbursement valued US$ 167.35 billion, equivalent to 54% of total registered capital.

Foreign investors engaged in 19 out of 21 sectors in the economy of which processing and manufacturing held the biggest amount of density with US$ 183.5 billion (or 59.1% of total investment); followed by real estate with US$ 51.1 billion (16.5% of total investment); electricity production and distribution with US$ 17.8 billion (5.7% of total investment).

As of September, 2017, 126 countries and territories invested in Viet Nam of which the RoK was the largest FDI provider with US$ 55.8 billion of register capital (accounting for 18% of total); followed by Japan with US$ 46.1 billion (14.8%); Singapore, Taiwan-China. HCMC took the lead in FDI attraction with US$ 42.4 billion (making up 8.7% of total investment); followed by Binh Duong with US$ 29.2 billion (9.4%); Ha Noi with US$ 27.1 billion (8.7%); and Ba Ria-Vung Tau with US$ 26.8 billion (8.6%)./.

By Khanh Phuong