Foreign investment in Vietnam up slightly in 11 months

Thứ Ba 30/11/2021 17:21

Vietnam attracted an estimated foreign investment of 26.46 billion U.S. dollars in the first 11 months of this year, up 0.1 percent year on year, the country's General Statistics Office on November 29 revealed.

Foreign investment in Vietnam up slightly in 11 months -0
Workers at Bright Vietnam International Co., Ltd., Thuan Thanh district, Bac Ninh province.

Notably, the total additional registered capital stood at over 8 billion USD, an annual rise of 26.7 percent. During the period, 14.1 billion USD was poured into 1,577 newly-licensed projects, up 3.76 percent in value but down 31.8 percent in volume over the same period last year.

The remaining investment capital was used for capital contribution and share purchases in a total 3,466 transactions.

Foreign investors landed investments in 18 sectors, with processing and manufacturing absorbing the largest amount of capital (over 14 billion USD or 53 percent), followed by power generation and distribution (over 5.7 billion USD), real estate (2.41 billion USD), and wholesale and retail sale (1.27 billion USD).

Among 100 countries and territories having investment in Vietnam in the period, Singapore took lead with 7.6 billion USD, making up 28.7 percent of the total. The Republic of Korea (RoK) came second with more than 4.36 billion USD, and Japan was the third largest investor with 3.7 billion USD.

Localities that attracted the most FDI were Long An (3.76 billion USD), Ho Chi Minh City (nearly 3.43 billion USD), and Hai Phong city (over 2.8 billion USD).

Export turnover of the FDI sector (including crude oil) was estimated at nearly 220.2 billion USD, up 19.7 percent over the same period and accounting for 73.6 percent of Vietnam’s total. The sector’s import value (excluding crude oil), meanwhile, exceeded 195.5 billion USD, an annual increase of 29.5 percent and accounting for 65.5 percent of the country’s total.