Vietnam attracts nearly US$16.24 billion in FDI over seven-month period
VOV.VN - Vietnam attracted nearly US$16.24 billion in foreign direct investment (FDI) during the past seven months of the year, as reported by the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.
As of July 20, the total newly and adjusted investment capital and capital contribution for share purchases by foreign investors reached roughly US$16.24 billion, marking an upturn of 4.5% against the same period from last year.
Throughout the reviewed period, nearly US$7.94 billion was injected into 1,627 new projects, representing an increase of 75.5% in terms of the number of projects and 38.6% in terms of the number of capital against last year’s corresponding period.
Furthermore, 736 projects registered to adjust their investment capital, with the additional capital reaching nearly US$4.16 billion, up 27.1% in relating to the number of projects and down 42.5% in capital on-year.
According to details given by the agency, 1,627 transactions of capital contribution and share purchases made by foreign investors were recorded in the period with a combined value of US$4.14 billion, simultaneously marking a fall of 10.6% in number, whilst also being a rise of 60.7% in capital.
In line with this, a significant positive sign is that the disbursed capital stood at an estimated at US$11.58 billion in the opening seven months, a slight annual increase of 0.8%. The move therefore demonstrates the Government's drastic solutions for providing effective support and removing difficulties for enterprises in the process of capital disbursement.
It is worth noting that for the first time this year, the total registered investment capital soaring by 4.5% on-year after witnessing a consecutive decrease over six months.
Most notably, the growth rate of the number of new projects is nearly double that of total investment capital.
These figures indicate that foreign financiers continue to place their trust in the local investment environment as they continue making new investment decisions in the Vietnamese market.
The majority of new investment projects focus on provinces and cities such as Hanoi, Hai Phong, Ho Chi Minh City, Bac Giang, Binh Duong, Bac Ninh, and Dong Nai.
Financiers from Asia still account for a large proportion, including six traditional investment partners, such as Singapore, Japan, China, the Republic of Korea, Hong Kong (China), and Taiwan (China), which made up 78.2% of the country’s total investment capital in the reviewed period.
