FDI drops sharply in first seven months

Total amount of newly-registered and additional FDI hit US$ 11.7 billion, representing a year-on-year decline of 35.6%. 

In January-July period, total FDI disbursement was estimated at US$ 10.6 billion, up 7.1% against the same period last year. 

In the reviewed period, foreign investors spent US$ 8.52 billion to buy 4,387 shares, up 77.8% against the same period in 2018.

Processing and manufacturing sector absorbed the largest amount of FDI with a total register capital of US$ 6 billion, accounting for 73.2% of total newly-register capital. 

Real estate sector ranked second by occupying 10.2% of capital with US$ 6 billion. The rest of sectors attracted US$ 1.37 billion of capital. 

In the first seven months, 48 provinces and cities absorbed FDI in which Binh Duong got the largest amount of FDI with US$ 766.2 million (9.3%); HCMC with US$ 688.7 million and Tay Ninh with US$ 599.4 million. 

Out of 65 countries and territories investing in Viet Nam, in January-July period, China was the biggest FDI provider by pouring US$ 1.78 billion; followed by the RoK with US$ 1.43 billion; Japan with US$ 1.1 billion, Hong Kong with US$ 991.6 million. 

Viet Nam’s outward investment valued over US$ 180 million with 90 newly-licensed projects. Meanwhile, 21 projects got additional capital of US$ 97.3 million./.

By Khanh Phuong