return icon Vietnamnet.vn

Vietnam attracts $22.63 billion of FDI in eight months

Vietnam recorded $22.63 billion of foreign direct investment (FDI) registered in the first eight months of 2019, equivalent to 92.9 percent of the figure in the same period last year, according to the Foreign Investment Agency.

 

 

{keywords}
Foreign investors poured 22.63 billion USD into Vietnam in the first eight months of 2019

 

Of the sum, 9.13 billion USD was poured into 2,406 new projects, down 32.3 percent and up 25.4 percent year on year, respectively.

Nearly 4 billion USD was added to 908 existing projects, down 28.6 percent and up 23.4 percent, respectively, the FIA said, noting that during the eight months of 2019, there weren’t any projects with big additional capital like in the same period last year.

Meanwhile, foreign investors registered 9.51 billion USD to contribute capital to or buy shares of domestic companies, surging 80 percent from a year earlier and accounting for 42 percent of the total FDI capital in the eight months.

Among the 19 sectors receiving FDI, processing-manufacturing attracted up to 15.74 billion USD, accounting for 69.6 percent of the total. It was followed by real estate (2.31 billion USD – 10.2 percent) and wholesale-retail (nearly 1.19 billion USD – 5.2 percent).

There were 103 countries and territories investing in Vietnam between January and August.

Hong Kong (China) took the lead with 5.63 billion USD, equivalent to 24.9 percent of the total capital. It was followed by the Republic of Korea (3.48 billion USD – 15.4 percent) and Singapore (3.27 billion USD – 14.5 percent).

Data show that FDI was channeled into 56 provinces and centrally-run cities. Hanoi topped the list with 5.66 billion USD, or 25 percent of the total capital. The second and third largest FDI destinations were Ho Chi Minh City (3.86 billion USD – 17 percent) and Binh Duong province (1.95 billion USD – 8.6 percent).

MORE NEWS

EuroCham Chairman praises strong and forward-looking government

Vietnam’s recovery has been ensured by strong and forward-looking government support which helped to bring in more high-profile FDI projects

Many firms suspend raising capital from stock market

Many enterprises have either stopped mobilizing capital or changed their capital-raising plans on the stock market amid existing uncertainties and disadvantages.

HCM City runs out of Covid-19 vaccines

HCM City has run out of Covid-19 vaccines over the past 10 days, said Nguyen Hong Tam, the deputy director of the municipal Centre for Disease Control and Prevention.

VIETNAM NEWS HEADLINES SEPTEMBER 30

Chinese police hand over wanted man to Lao Cai authorities

Foreign-invested enterprises face up to procedural barriers

Administrative procedures such as a prolonged timeline for obtaining business licences, as well as overlaps in the legal framework, are continuing to affect the expansion plans of many foreign-invested enterprises in Vietnam.

Reisereporter.de: Vietnam among ten attractive destinations to escape Europe’s winter

With its year-round warm tropical climate, breathtakingly beautiful scenery, and exciting culture, Vietnam is gradually becoming an attractive destination for German tourists.

VIETNAM BUSINESS NEWS SEPTEMBER 30

Real estate sector faces debt default risk

Shan Tuyet tea, valuable timber plants named ‘Vietnam Heritage Trees’

More than 1,300 Shan Tuyet tea plants in Ha Giang province and a group of valuable timber trees in Dak Nong province have been recognised as “Vietnam Heritage Trees”.

Fast fashion brands scale up for growth

Surviving and developing in a competitive fast fashion market remains a challenge for many brands, especially for newcomers.

Arguments arise as properties required to be traded on exchange

Controversy has arisen over the Ministry of Construction’s draft of the amended law on real estate trading as it requires real estate products to be traded on an official exchange.

Boeing accelerates cooperation with Vietnamese suppliers

Boeing, the world’s leading aerospace company based in the US, are accelerating cooperation with Vietnamese suppliers and universities to provide a foundation for long-term industrial growth.

Expecting coffee exports to hit a record $4 billion

Vietnam Coffee Cocoa Association (Vicofa) forecasted that if the export price of coffee remained at a high level, as in the first half of the year

Major investors worry as stock market weakens

The stock market boards have been covered with red amid investors’ rising caution. There are few buyers, while selling pressure still exists. Foreign investors’ behavior has affected the market.

Vietnam sees great potential in ASEAN halal market

Despite opportunities available in the ASEAN halal food market, Vietnamese exporters have to date exported only a small amount of halal products to some countries in the region.

Vietnam is becoming a beacon in the region: The Brussels Times

The Brussels Times of Belgium has run an article highlighting that Vietnam is becoming a beacon in the region with the capacity to control inflation and maintain economic growth at a high level despite turbulent international affairs.
back_to_top