New foreign capital in Vietnam up over first 11 months
The total newly-registered, additional foreign capital and foreign investors’ stake purchase reached US$30.8 billion over the first 11 months of the year, or 93.2% from the same period last year, reported the Ministry of Planning and Investment’s Foreign Investment Agency.
- Hanoi’s condo market attracts flow of foreign capital
- Foreign capital inflows perked up by multibillion-dollar power plant licensing
- Foreign capital flows to Vietnam’s pharmacy sector
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As of November 20, 2018, there were 2,714 newly-licensed projects with a total registered capital of US$15.78 billion, equivalent to 79.7% year-on-year. As many as 954 projects registered an additional capital of US$7.4 billion, or 92.6% annually.
During the 11-month period, foreign investors bought stakes worth US$7.6 billion, up 44.4% year-on-year.
As of November 20, up to US$16.5 billion was disbursed in foreign-invested projects, up 3.1% annually from the same period last year.
Exports from the foreign-invested area, including crude oil, hit US$160.3 billion, up 13.4% year-on-year, accounting for nearly 71.7% of total export figures. Meanwhile, exports exclusive of crude oil rose by 14% to US$158.3 billion, making up 70.7%.
Foreign firms invested in 18 fields – mostly in manufacturing and processing with a total capital of US$14.2 billion and accounting for 46.2% of all foreign investment. It was followed by real estate with US$6.5 billion, or 21.3%; and wholesale and retail with US$3.1 billion, equivalent to 10%.
Among the 108 countries and territories investing in Vietnam, Japan ranked first with a combined capital of roughly US$8 billion, accounting for 25.9%. The Republic of Korea was second with US$6.8 billion, or 22.3%; while Singapore ranked third with US$4.1 billion, equivalent to 13.4%.
Foreign firms have already invested in 59 cities and provinces, predominantly in Hanoi with US$6.3 billion, accounting for 20.4%; Ho Chi Minh City, with US$5.6 billion (18.1%); and the northern port city of Hai Phong, with US$2.49 billion (8%).
Finance-banking ranked first in terms of Vietnamese outbound investment with the newly-registered and additional capital of US$105.7 million, or 29.5% of the total. Agro-forestry-fisheries ranked second with US$68.4 million, making up 19.1%; while manufacturing and processing came third with US$50.9 million, or 14.2%.
During the period, Vietnam invested in 35 countries and territories, mostly in Laos with US$97.6 million (27.3%), Australia with US$52.7 million (14.7%), Slovakia with US$35.9 million, followed by Cambodia, Cuba, and Myanmar.
