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FDI inflows beat four-year record

VOV

Vietnam lured a total of USD 14.59 billion in foreign direct investment (FDI) during the first four months of the year, reaching the peak level seen in the past four years.

1,082 projects were granted investment permits in the first four months of 2019, with a combined newly registered capital of USD 5.34 billion, making a leap of 50.4% on year.

Statistics from the Foreign Investment Agency under the Ministry of Planning and Investment indicate that the total registered, additional, and share capital of foreign investors hit USD 14.59 billion in the four – month period, soaring by 81% on year. Of this, USD 5.7 billion were disbursed, a year on year hike of 7.5%.

As many as 1,082 projects were granted investment permits, with a combined newly registered capital of USD 5.34 billion, making a leap of 50.4% on year. Meanwhile, 1,653 transactions of equity capital and stock purchases were made with the total value of USD 5.68 billion, tripling the figure against the same period last year.

In total, there were 395 projects registered, adding USD 2.11 billion to their current investment capital.

The additional capital represents 94% of the figure seen in the corresponding period last year.

During the year’s first four months, the FDI sector recorded a trade surplus of USD 11.17 billion, including the value of crude exports.

Foreign investors pumped capital into 19 industries. Of note, the processing and manufacturing sector enjoyed an FDI inflow of USD 10.5 billion, equivalent to 72% of the total registered capital.

It was followed by the real estate sector which saw an inflow of USD 1.1 billion, and wholesales and retail with USD 742.7 million.

Hong Kong (China) topped the list of foreign investors in Vietnam during the reviewed period, with total capital of USD 4.7 billion, 32.5% of the country’s overall FDI inflows.

The Republic of Korea was in second spot with investment capital of USD 1.98 billion, equal to 13.6% of the total FDI, while Singapore was ranked third with an injection of USD 1.87 billion, or 12.8% of the total.

Hanoi led nationwide localities in terms of FDI attraction during the four-month period as it enjoyed an inflow of USD 4.47 billion, accounting for 30.6% of the total figure.

Ho Chi Minh City and Binh Duong province were ranked second and third with respective FDI inflows of USD 2.37 billion and USD 1 billion.

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