Hong Kong tops foreign investors in Vietnam
It was followed by Singapore with 979 million USD and the Republic of Korea with 873 million USD.
Hong Kong secured the position after many years thanks to a 3.85 billion USD beer production project in Hanoi and another project worth 260 million USD producing electronic and internet equipment and multimedia audio products.
As of February 20, foreign investors have poured 8.47 billion USD into Vietnam, 2.5 times higher than the same period last year, according to the Foreign Investment Agency under the Ministry of Planning and Investment.
This number included newly registered capital, capital contributed and shares purchased by foreign investors.
The country granted 514 new investment licences to projects with a total registered capital of 2.44 billion USD, up 75.7 percent over the same period of 2018.
As many as 176 projects registered to adjust their capital with a combined additional capital of 854.8 million USD, up 22.1 percent year on year.
Meanwhile, the value of capital contribution and share purchases by foreign investors reached 5.17 billion USD, four times higher than the same period in 2018 and accounting for 61 percent of total registered capital.
Foreign direct investment (FDI) projects were estimated to have disbursed 2.58 billion USD in the first two months of this year, up 9.8 percent. This is the highest level of two-month growth in the last three years.
Foreign investors pumped their money into 18 sectors, of which the manufacturing and processing industry remained the hottest with a total pledged capital reaching 6.93 billion USD, equivalent to 81.8 percent of the total registered value.
The real estate and science and technology sectors were ranked second and third with respective values of 478 million USD and 306.7 million USD.
Hanoi was the most attractive among 44 provinces and cities receiving FDI with 4 billion USD, or 47.3 percent of the total. Ho Chi Minh City came second with more than 1 billion USD, followed by Bac Ninh province with 541.7 million USD.
The foreign investment sector remained the major exporter with a total export value of all goods (including crude oil) reaching 25.95 billion USD, up 3.7 percent year on year and making up 70.7 percent of Vietnam’s total export turnover.
Its import value also increased 5.1 percent during the reviewed period to 21.47 billion USD.
To sum up, the FDI sector recorded a trade surplus of 4.48 billion USD.
Related News
Enhance the core values of the national brand
15:36 | 02/05/2024 Import-Export
Wood exports started well
13:26 | 20/04/2024 Import-Export
Investors play a key role in developing the industrial park system
10:38 | 22/04/2024 Headlines
Leverage to increase the scale of Vietnam - Laos trade turnover
10:51 | 15/04/2024 Import-Export
Latest News
Speed up the process of issuing "passports" for durian exports
15:14 | 04/05/2024 Import-Export
Vietnamese pomelo likely to be exported to Australia
15:12 | 04/05/2024 Import-Export
Take advantage of E-commerce leverage for export.
13:48 | 04/05/2024 Import-Export
Central beach city to lure investment from potential partners
14:54 | 03/05/2024 Import-Export
More News
Vietnam to have enough 8 million tonnes of rice for export
14:47 | 03/05/2024 Import-Export
Binh Duong: Fertile ground for logistics businesses
10:16 | 03/05/2024 Import-Export
Some 51,600 new firms established in four months
17:17 | 02/05/2024 Import-Export
Agro-forestry-aquatic product exports post trade surplus of 4.74 billion USD in four months
17:13 | 02/05/2024 Import-Export
Solutions for maintaining Vietnam's position as a bright spot for foreign direct investment
15:36 | 02/05/2024 Import-Export
FDI disbursement in January-April period reaches five-year record
19:43 | 01/05/2024 Import-Export
Binh Duong aims to become logistics hub in southern region
19:41 | 01/05/2024 Import-Export
Digital transformation – optimal choice for Vietnamese garment & textile firms
19:39 | 01/05/2024 Import-Export
Infrastructure development creates momentum for exports to "neighboring" markets
19:36 | 01/05/2024 Import-Export
Your care
Speed up the process of issuing "passports" for durian exports
15:14 | 04/05/2024 Import-Export
Vietnamese pomelo likely to be exported to Australia
15:12 | 04/05/2024 Import-Export
Take advantage of E-commerce leverage for export.
13:48 | 04/05/2024 Import-Export
Central beach city to lure investment from potential partners
14:54 | 03/05/2024 Import-Export
Vietnam to have enough 8 million tonnes of rice for export
14:47 | 03/05/2024 Import-Export