Foreign investors disbursed $15.1 billion into Vietnam in first 10 months

As of 20 October 2018, foreign direct investment projects had disbursed an estimated $15.1 billion, up 6.3% from the same period in 2017.

According to a report by the Foreign Investment Agency under the Ministry of Planning and Investment, total newly registered capital, additional capital and capital contributions and share purchases by foreign investors reached $27.9 billion in the first 10 months of 2018, equivalent to 98.8% of the figure for the same period in 2017.

Exports by the foreign-invested sector, including crude oil, came to $143.4 billion, up 13.2% year on year and accounting for nearly 72.2% of the country's total export turnover. Excluding crude oil, exports reached $141.6 billion, up 13.9% year on year and making up 70.8% of total exports. Imports stood at $116.3 billion, up 11.7% year on year and representing 60% of total import turnover.

Overall, the foreign-invested sector posted a trade surplus of $27.1 billion including crude oil, and $25.2 billion excluding crude oil.

As of 20 October 2018, 2,458 new projects nationwide had received investment registration certificates with total newly registered capital of $15 billion, equivalent to 92.2% of the same period in 2017. A further 954 projects registered adjustments to their investment capital, adding $6.5 billion, or 90% of the year-earlier figure.

Also in the first 10 months of 2018, there were 5,342 transactions in which foreign investors contributed capital or bought shares, with a combined value of $6.3 billion, up 35.8% from the same period in 2017.

By sector, foreign investors put money into 18 industries, with processing and manufacturing drawing the most interest. Real estate ranked second, followed by wholesale and retail trade.

By origin, investors from 105 countries and territories had projects in Vietnam, with Japan in first place, South Korea second and Singapore third.

By location, foreign investors were present in 59 provinces and cities, with Hanoi attracting the most foreign capital, followed by Ho Chi Minh City and Ba Ria - Vung Tau.

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Source: TheLeader — theleader.vn. Republished to share knowledge with founders and investors in the HCM VIF ecosystem.