Country lures USD8.8 billion of FDI capital in seven months

As of July 20th, Vietnam had 1,068 newly-licensed projects; with a total newly registered capital of USD6.92 billion, a year-on-year rise of 1%, reported the Ministry of Planning and Investment’s Foreign Investment Agency.
July 28, 2015 | 23:35

As of July 20th, Vietnam had 1,068 newly-licensed projects; with a total newly registered capital of USD6.92 billion, a year-on-year rise of 1%, reported the Ministry of Planning and Investment’s Foreign Investment Agency.

During the period, 341 operating projects registered an increased capital of USD1.88 billion, a 29.8% reduction over the year. On the whole, the total newly-licensed and increased capital reached USD8.8 billion, 92.4% against the same period last year.

Country lures USD8.8 billion of FDI capital in seven months

Over the past seven months, disbursement of FDI projects in Vietnam hit USD7.4 billion, a 8.8% rise year on year.

Exports from the foreign-invested sector (including crude oil) in the seven months were valued at USD64.69 billion, up 15.1% over year earlier. Meanwhile, imports of the area posted USD56.66 billion, up 23.1%.

Foreign investors poured capital into 16 sectors in the seven months with the biggest FDI capital flowing into the processing and manufacturing. It was followed by real estate, retail and wholesale.

The positioning of countries and territories investing capital in Vietnam changed with the Republic of Korea continuing to taking the lead while the UK jumped to the second place, replacing Turkey.

Ho Chi Minh lured the most FDI capital with a total capital of USD2.4 billion, followed by Binh Duong (USD1.11 billion) and Dong Nai (USD1.1 billion)./.

( Compiled by VNF )

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