Hong Kong topped the list of 95 countries and territories investing in Vietnam in the January-June period, with a total investment of $5.3 billion, making up 28.7 percent of the new FDI inflow into the country.
According to the Foreign InvestmentAgency (FIA) under the Ministry of Planning and Investment, the Republic ofKorea and China ranked second and third, with 2.73 billion USD and 2.29 billionUSD, respectively accounting for 14.8 percent and 12.4 percent of the total FDIcapital poured into Vietnam in the period.
The FIA said foreign investors have poured atotal of 18.47 billion USD into Vietnam, equivalent to 90.8 percent of that in thesame period last year.
This number includes newly registered capital,capital contributed and shares purchased by foreign investors.
In thereviewed period, the country grantedinvestment licences to 1,723 new projects with a total registered capital of 7.41billion USD, equivalent to 62.8 percent over the same period of 2018.
As many as 628 projects registered to increase capitalwith a combined additional capital of 2.94 billion USD, equal to 66.2 percent yearon year.
Meanwhile, the value of capital contribution and share purchases by foreigninvestors reached 8.12 billion USD, up 98.1 percent compared to the same periodlast year, accounting for nearly 44 percent of the total registered capital.
FDI projects were estimated to have disbursed 9.1billion USD in the first six months of this year, up 9.8 percent.
Foreign investors poured their money into 19sectors, of which the manufacturing and processing industry remained the biggestrecipient with 13.15 billion USD, equivalent to 71.2 percent of the totalregistered value. It was followed by the real estate and retail & wholesalesectors, with respective registered capital of 1.32 billion USD and 1.05billion USD. -VNA
Vietnam is set to welcome a huge flow of investment from Hong Kong in the light of implementation of a free trade agreement between this economy and the ASEAN bloc.
Foreign investors pour in $14.59 bn in first four months of the year, the Ministry of Planning and Investment reports.