Vietnam disburses nearly US$10 billion in seven months
PSNews – Recently, the Foreign Investment Agency under the Ministry of Planning and Investment announced that from beginning of this year to July 20, Vietnam disbursed a total of US$9.85 billion, up 8.8% year-on-year.
Foreign direct investment (FDI) commitments soared 4.6% year on year to US$22.94 billion in the January-July period. Of the amount, fresh approvals increased 2.2% to US$13.2 billion while investors added US$4.95 billion to existing projects or equivalent to 84.2% of the same period last year.
Foreign investors injected their money in 17 sectors and areas. Manufacturing and processing continued to be the most appealing sector by attracting US$9.63 billion from January to July, accounting for 41.95% of the total registered investment. It was followed by real estate trading with US$5.6 billion (24.4%) and retail and wholesale with US$1.69 billion (7.4%).
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| Photo for illustration. Source: Internet. |
Japan remained the leading foreign investor by pouring US$6.88 billion into Vietnam during the period. The Republic of Korea ranked second with US$5.46 billion, while Singapore came next with US$2.73 billion.
According to the FIA, foreign investors were present in 59 cities and provinces. Of them, the capital lured the largest share US$6.17 billion. Ho Chi Minh City and the southern province of Ba Ria-Vung Tau were runners-up with US$4.12 billion and US$2.15 billion.Additionally, Vietnamese businesses have invested more than US$279.6 million in projects abroad during the first seven months of 2018. Of the figure, US$238.33 million landed in 81 new projects while the remainder was pumped into 21 existing ones.
In the reviewed period, finance and banking caught the most interest from the Vietnamese investors, accounting for 37.8% of their total investments, or US$105.77 million.
Enterprises from Vietnam have invested in 32 countries and territories from January to July. Among them, Laos lured the biggest share of the investment, with US$84 million, representing 30% of the total. It was followed by Australia with US$37.1 million, or 13.3%.
