Newly registered FDI surges 54% in 10 months

It added up to more than US$25.76 billion in total FDI during the period, rising 14.7%, reported the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment

Of the total, over US$5.33 billion was added to 1,051 existing projects. Though the additional capital fell 39%, the project number still increased 19.4% from a year earlier, showing investors were confident in Vietnam’s investment climate so they decided to expand their projects.

Meanwhile, foreign investors spent over US$5.13 billion on contributing capital to and purchasing shares of domestic companies via 2,836 transactions, respectively rising 35.4% and dropping 5.4%.

During the period, about US$18 billion was disbursed for FDI projects, up 2.4% year on year, according to FIA.

Up to 18 of the 21 economic sectors received FDI during the first 10 months. Among them, the processing and manufacturing industry took the lead with nearly US$18.84 billion, accounting for almost 73.1% of the total and rising 45.8% year on year. It was followed by real estate (nearly US$2.14 billion, down 44.8%), finance - banking (nearly US$1.54 billion, up 61.4-fold), and wholesale - retail (nearly US$907 million, up 6.3%).

Processing and manufacturing also ranked first in terms of new projects (32.8% of the total) and those with additional capital (54.4%). Meanwhile, the wholesale and retail sector recorded the biggest number of capital contribution and share purchasing transactions (41.6%).

During the 10 months, 108 countries and territories poured money into Vietnam. Singapore topped the list with nearly US$4.65 billion, making up over 18% of the total and declining 13%. It was followed by the Republic of Korea (RoK) with nearly US$3.93 billion (making up 15.2% and rising 0.5%), and Hong Kong (China) with nearly US$3.54 billion (making up over 13.7% and rising almost 2.6-fold).
 
While China took the lead in the number of new projects (accounting for 21.7%), the RoK ranked first in terms of the projects with additional capital (25.7%) and capital contribution and share purchasing transactions (28.2%).

Asian investors still dominated FDI flows into Vietnam during the period, with Singapore, China, Japan, the RoK, Hong Kong (China), and Taiwan (China) accounting for up to 81.7% of the total value.

Of the 55 provinces and cities recording FDI inflows, Quang Ninh attracted the most capital with nearly US$3.09 billion, accounting for nearly 12% and increasing 41.3% from a year earlier. Hai Phong city stood second with over US$2.8 billion, accounting for 10.9% and surging 2.14-fold, followed by Hanoi, Ho Chi Minh City, and Bac Giang province.

HCM City was the best performer in attracting new projects (38%), those with additional capital (25.3%), and capital contribution and share purchasing transactions (66.6%), FIA noted.