China - largest source of new FDI capital in seven months

VOV.VN -China topped the list of 65 countries and territories making new foreign direct investments in Vietnam during the first seven months of 2019, according to the General Statistics Office of Vietnam.

china - largest source of new fdi capital in seven months hinh 0
Illustrative photo. (Source: VOV)

New Chinese-invested projects worth US$1.785 billion were licensed, representing 21.6 per cent of the total newly registered foreign direct investment (FDI) during the seven-month period.

The Republic of Korea stood at the second position with US$1.473 billion or 17.8 per cent of the total FDI. It was followed by Japan with US$1.123 billion or 13.6 per cent, Hong Kong (China) with US$991.6 million, and Singapore US$942.9 million.

The General Statistics Office of Vietnam reported that Vietnam attracted 2,064 new FDI projects with the total registered capital of US$8.272 billion from the beginning of this year to July 20, up 24.6 per cent in project number yet down 37.4 per cent in capital compared to the corresponding period last year.

The total newly registered and additional capital amounted to US$11.698 billion during the seven-month period, falling by 35.6 per cent on year.

The disbursement of FDI in the reviewed period reached US$10.6 billion, an annual hike of 7.1 per cent.

The processing and manufacturing sector attracted most of the FDI capital, with an inflow of US$6.059 billion, accounting for 73.2 per cent of the total newly registered capital. It was followed by real estate, wholesale and retail, and automobile and motorcycle repair.

VOV

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