Additional capital by foreign firms up over 24% in 10 months

NDO/VNA - Foreign investors poured US$23.74 billion in new projects, existing projects, and in contribution of capital and share purchases as of October 20, up 1.1 percent year-on-year, reported the Ministry of Planning and Investment (MPI).

Of them, US$13 billion was newly-registered capital, up 11.6 percent; over US$7.09 billion was added to existing projects, up 24.2 percent; and US$3.63 billion was capital contribution, down 40.6 percent annually.

A car wheel production factory of Toyoda in Thai Binh Province (Photo: Mai Tu).

During the first ten months of this year, foreign investors disbursed US$15.15 billion, down 4.1 percent year-on-year.

They poured capital in 18 out of 21 economic sectors, mostly in manufacturing and processing sector with US$12.74 billion, or 53.7 percent of the total registered capital. Electricity production and distribution followed with US$5.54 billion, real estate US$2.12 billion, wholesale and retail over US$803 million.

In terms of the number of new projects, manufacturing and processing, wholesale and retail, and science-technology attracted the most, accounting for a respective 33.1 percent, 27.8 percent and 16 percent of the total.

Among 97 countries and territories investing in Vietnam, Singapore took the lead with US$6.77 billion, or 28.5 percent of total investment in Vietnam, down 9.9 percent year-on-year. It was followed by the Republic of Korea with US$4.15 billion, up 21.3 percent and Japan with around US$3.4 billion, up 89.9 percent.

Among 58 cities and provinces receiving FDI, the southern province of Long An topped the list with US$3.68 billion, ahead of Ho Chi Minh City with more than US$2.73 billion and the northern city of Hai Phong with US$2.72 billion.

Ho Chi Minh City ranked first in terms of the number of new projects, projects with additional capital and share purchases, equivalent to 34.1 percent, 17.7 percent and 59.4 percent, respectively. The capital city of Hanoi came second in the number of new projects.

According to the MPI’s Foreign Investment Agency, the foreign-invested sector ran a trade surplus of nearly US$21.2 billion inclusive of crude oil, and roughly US$19.8 billion exclusive of crude oil, in nine months of this year. Meanwhile, the domestic sector posted a deficit of US$23.2 billion.

(Source: NDO)