Hai Phong: Eight-month FDI surges 99.34%

More than US$1.38 billion in foreign direct investment (FDI) was poured into the northern port city of Hai Phong during January-August, a year-on-year increase of 99.34%.

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The money was injected into 94 projects, 64 of which were newly granted projects and the remainders were capital adjustment ones.

Japan and the Republic of Korea continued the largest investors in the city.

From the outset of the year, Vietnam granted investment licenses to 1,918 new projects with a total registered capital of US$13.48 billion, up 0.2% year-on-year, and allowed 736 existing projects to increase their capital to a total of US$5.58 billion, equal to 87.2% year-on-year.

Foreign investors contributed capital and purchased shares of US$5.28 billion, a year-on-year increase of 50.9%.

The FDI sector exported US$110.3 billion worth of goods, including crude oil, showing a year-on-year rise of 13.4% and making up nearly 70.9% of the country’s total export turnover.

Foreign investment was poured into 17 sectors, mainly in the processing and manufacturing industry with US$10.72 billion, or 44% of the total registered investment.

Other attractive fields were real estate, and wholesale and retail with US$5.9 billion and US$1.87 billion respectively, accounting for 24.2% and 7.6% of the total investment.

VNA

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