FDI disbursement rises 2 percent in first eight months
Workers at a Japanese-invested firm in Vietnam (Photo: VNA)
Disbursement of foreign direct investment (FDI) capital in Vietnam hit 11.58 billion USD this year to August 20, an increase of 2 percent compared to the same period last year, according to the Ministry of Planning and Investment.
The ministry said 1,135 new projects were granted investment licences in the period, plunging 36.8 percent against the same period last year. However, total registered capital was up 16.3 percent to nearly 11.33 billion USD.
About 640 existing projects had their capital adjusted up by a total of nearly 5 billion USD, up 2.3 percent year on year.
Capital contributions and share purchases by foreign investors fell 43.4 percent to 2.81 billion USD.
Foreign investment was poured into 18 sectors, with processing and manufacturing absorbing the largest amount, with 9.3 billion USD, or 48.4 percent of the total FDI inflow in the 8-month period.
Power generation and distribution followed with nearly 5.5 billion USD, while real estate attracted 1.6 billion USD and wholesale and retail sales 734 million USD.
Of 92 countries and territories investing in Vietnam during the period, Singapore took the lead with more than 6.2 billion USD, followed by Japan with more than 3.2 billion USD and the Republic of Korea (RoK) with 2.4 billion USD.
The Mekong Delta province of Long An led in attracting FDI with over 3.6 billion USD, Ho Chi Minh City came second with about 2.2 billion USD, and its neighbouring province of Binh Duong was third with 1.7 billion USD./.
Related News
Removing difficulties in public investment disbursement
09:30 | 31/10/2024 Finance
Accelerate implementation of solutions to disburse public investment capital
09:25 | 02/10/2024 Finance
Breakthrough policy to attract new generation FDI
10:26 | 29/09/2024 Import-Export
Continue to publicly disburse public investment capital, many key projects have low rates
09:01 | 07/09/2024 Finance
Latest News
Import and export are expected to reach 800 billion USD
13:32 | 04/11/2024 Import-Export
Fresh coconuts quenching new overseas markets
13:29 | 04/11/2024 Import-Export
Rice exports likely to set new record in 2024
13:25 | 04/11/2024 Import-Export
Vietnamese goods conquer halal market through trust and quality
09:57 | 04/11/2024 Import-Export
More News
Exporters urged to have strategies to take advantage of UKVFTA for expansion
17:33 | 03/11/2024 Import-Export
Fresh coconuts quenching new overseas markets
17:29 | 03/11/2024 Import-Export
Vietnam and UAE trade sees billion-dollar growth
07:15 | 03/11/2024 Import-Export
Sharing responsibility for ensuring security and safety of the supply chain
07:13 | 03/11/2024 Import-Export
Many factors affecting tuna exports in the last months of the year
19:38 | 02/11/2024 Import-Export
Vietnam still dominates Philippine rice import
19:36 | 02/11/2024 Import-Export
Vietnam cements ties with partners to engage in global semiconductor, AI industries
19:35 | 02/11/2024 Import-Export
Aquatic exports expected to rise in year-end despite challenges
19:33 | 02/11/2024 Import-Export
Trade Defense: The Key to Success for Vietnamese Businesses
10:39 | 02/11/2024 Import-Export
Your care
Import and export are expected to reach 800 billion USD
13:32 | 04/11/2024 Import-Export
Fresh coconuts quenching new overseas markets
13:29 | 04/11/2024 Import-Export
Rice exports likely to set new record in 2024
13:25 | 04/11/2024 Import-Export
Vietnamese goods conquer halal market through trust and quality
09:57 | 04/11/2024 Import-Export
Exporters urged to have strategies to take advantage of UKVFTA for expansion
17:33 | 03/11/2024 Import-Export