Japan top foreign investor in Vietnam

Japan poured US$6.88 billion, 30% of the total foreign direct investment (FDI), into Vietnam in the first seven months of 2018, the biggest figure among 96 countries and territories investing here.

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Japan was followed by the Republic of Korea with US$5.46 billion or 23.8% of total FDI and Singapore with US$2.73 billion or 11.9%, according to the Foreign Investment Agency (FIA) of the Ministry of Planning and Investment.

Foreign investors registered a total US$22.94 billion for new and existing projects and buying shares in Vietnam during the period, up 4.6% from a year earlier.

Of that sum, investment registration certificates were granted to 1,656 new FDI projects worth US$13.2 billion as of July 20, up 2.2% year on year. Meanwhile, US$4.95 billion was added to 627 existing projects.

Among the 17 sectors receiving FDI, processing and manufacturing attracted most with US$9.63 billion, accounting for 41.95% of total capital. Real estate ranked second with US$5.6 billion or 24.4% while the wholesale and retail sector was in third place with US$1.69 billion or 7.4%.

The FIA said foreign capital entered 59 of the 63 provinces and cities nationwide between January and July. Hanoi topped the list with US$6.17 billion or 26.9%. It was followed by Ho Chi Minh City with US$4.12 billion or 17.9% and Ba Ria-Vung Tau province with US$2.15 billion or 9.4%.

As of July 20, FDI projects disbursed about US$9.85 billion, rising by 8.8% from the same period last year.

VNA