Vietnam lures nearly US$18.15 billion in foreign investment over eight months

There were 1,924 newly-registered projects which registered a combined capital of US$8.87 billion during the eight-month period, up 69.5% in terms of the number of projects and up 39.7% in capital compared to the same period from last year.

Meanwhile, more than US$4.53 billion was added to 830 existing projects, an increase of 22.8% in the number of projects but down 39.7% in relation to capital.

The value of capital contribution and share purchase deals reached US$4.47 billion, down 6.5% in number of transactions by up 62.8% in capital against the same period from last year.

With regard to FDI attraction over the past eight months, the Foreign Investment Agency has pointed out that the total registered investment capital has continued to maintain a growth rate of 8.2% on-year, while new investment capital, capital contributions, and share purchases continued to rise compared to the same period from last year.

The number of projects with capital adjustment also maintained an increase compared to last year’s corresponding period, which therefore demonstrates investors' confidence in the Vietnamese investment environment and has allowed them to continue to make decisions to expand investment in the country

Most notably, FDI disbursement has seen positive signs, reaching US$13.1 billion in the reviewed period, up 1.3% on-year and up 0 ,5 percentage points compared to the first seven months of the year.

These achievements can be attributed to drastic solutions achieved by the Government and the Prime Minister in the initial months of the year in terms of removing hurdles for enterprises in disbursing investment capital.

Foreign financiers have sunk capital into 18 sectors out of 21 national economic sectors, of which the processing and manufacturing industry took the lead with a total investment of nearly US$13 billion, accounting for nearly 67.8% of the total registered investment capital and up 14.7% on-year.

The real estate sector ranked second, with total investment of more than US$1.76 billion, duly accounting for more than 9.7% of total registered investment capital, an annual decline of 47.2%.

There were 100 countries and territories investing in the Vietnamese market, of which Singapore topped the list with a total investment of more than US$3.83 billion, down 15.4%, followed by China with nearly US$2.69 billion, up 90.8%, and Japan with more than US$2.58 billion, up 73.1%.  

However, in terms of the number of projects, China led the way for new projects, making up 20.7%, while the Republic of Korea topped the list in terms of the number of capital adjustments made, accounting for 27.6% of the overall figure.