Hong Kong becomes largest investor of Vietnam in nine months

Hong Kong (China) topped 109 countries and territories investing in Vietnam in the first nine months of this year with total capital of $5.89 billion, reported the General Statistics Office (GSO).

Hong Kong becomes largest investor of Vietnam in nine months

According to the office, of the total investment, 3.85 billion USD was poured into a deal with Vietnam Beverage JSC in Hanoi, accounting for 65.4 percent of the total.

Hong Kong was followed by the Republic of Korea with 4.62 billion USD, accounting for 17.7 percent of the total foreign direct investment (FDI) that Vietnam attracted so far this year.

Singapore ranked third with 3.77 billion USD, or 14.4 percent of total FDI in nine months.

Meanwhile, Japan surpassed China to become the fourth biggest investor of Vietnam with almost 3.1 billion USD.

 

At a press briefing on September 28, the GSO reported that Vietnam attracted 26.16 billion USD in the first nine months of this year, up 3.1 percent over the same period in 2019.

Of the figure, 10.97 billion USD was poured into nearly 2,760 new projects, up 26.4 percent in the number of projects and down 22.3 percent in terms of the capital year on year.

Approximately 4.79 billion USD was pledged to 1,037 existing projects, equivalent to 86.4 percent of the value from a year ago.

Foreign firms invested 10.4 billion USD in Vietnam during the period through capital contributions and share purchases, representing a year-on-year increase of 82.3 percent and accounting for 39.8 percent of the total registered capital.

The nine-month foreign direct investment (FDI) disbursement was estimated at 14.2 billion USD, up 7.3 percent year on year. VNA

 
 
 
 
 
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