FDI in 11 months up 3.1%

VGP – As of December 20 this year, the total Foreign Direct Investment (FDI) capital flows into Viet Nam, including newly-registered and additional capital, capital contributions and share purchase of foreign investors, reached nearly US$31.8 billion, a year-on-year increase of 3.1%, according to the General Statistics Office.

November 29, 2019 5:36 PM GMT+7

The processing and manufacturing sector still takes the lead in attracting FDI in 11 months with US$15.4 billion.

As many as 3,478 FDI projects were licensed with the total registered capital of US$14.7 billion, up 28.2% and down 7% in terms of the number of projects and registered capital, respectively.

Meanwhile, the FDI additional capital witnessed a decrease of 20.7% compared to the same period last year, obtaining US$5.9 billion in 1,256 projects.

Foreign investors poured VND11.2 billion in contributing capital and purchasing shares in Viet Nam, up 47.1%.

The total realized FDI capital in 11 months hit US$17.6 billion, up 6.8%.

The Republic of Korea ranks first among 76 nations and territories investing in Viet Nam over the recent 11 months of 2019.

During the reviewed period, Viet Nam invested US$353.8 million in 148 projects overseas and added US$105 million in 29 valid projects. The retail sales and automobile repair took the lead with US$118.2 million, accounting for 25.8%, followed by agricultural and aquatic products with US$65.6 million, science and technology US$60 million and real estate with US$59.3 million.

Among 31 nations and territories receiving investment capital from Viet Nam, Australia ranked first with US$141.3 million, making up 30.8%, followed by the U.S. US$93.4 million, Spain US$59.8 million, Cambodia US$50.7 million and Singapore US$48 million.

By Thuy Dung