Vietnam posts strong FDI inflows and trade surplus in Jan-August period
VOV.VN - Vietnam attracted US$26.14 billion in foreign direct investment (FDI) during the Jan-August period of this year, up 27.3% year on year, according to the General Statistics Office under the Ministry of Planning and Investment.
Notably, FDI disbursement reached US$15.40 billion, the highest level for the eight-month period in five years, up 8.8%.
Of the total registered capital, newly licensed projects accounted for US$11.03 billion across 2,534 projects, while additional capital hit US$10.65 billion. Capital contributions and share purchases rose to US$4.46 billion.
Disbursed FDI was concentrated mainly in manufacturing and processing with US$12.57 billion (over 80%), followed by real estate at US$1.24 billion (8%) and power generation and distribution at nearly US$564 million (3.7%).
Meanwhile, Vietnam’s outward investment totaled US$556.2 million, 3.8 times higher than the same period last year, including both newly registered and adjusted capital.
Also during the reviwed period, the country’s total import and export turnover hit US$597.93 billion, up 16.3% year on year, with exports soaring 14.8% and imports climbing 17.9%. This resulted in a trade surplus of US$13.99 billion, the GSO reported.
Within this, the domestic sector ran a trade deficit of US$18.08 billion, while the foreign-invested sector (including crude oil) recorded a trade surplus of US$32.07 billion.
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