Sep 30, 2019 / 18:13

Actual FDI in Vietnam up 7.3% to top US$14 billion in Jan-Sep

The Hanoitimes - FDI commitments in the January – September period totaled US$26.16 billion, up 3.1% year-on-year.

Disbursement of FDI projects in Vietnam totaled US$14.22 billion between January and September, representing an increase of 7.3% year-on-year, a report of the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment has shown.
Illustrative photo.
Illustrative photo.
Meanwhile, FDI commitments in the January – September period totaled US$26.16 billion, up 3.1% year-on-year. 

According to the agency, 2,759 new projects have been approved with total commitments of US$10.97 billion in the first nine months, up 26.4% in number of projects and down 22.3% in capital year-on-year, while 1,037 existing projects have been injected an additional US$4.79 billion, up 23.3% in projects and down 13.4% in capital.  

During this period, 6,502 projects have had US$10.4 billion in capital contributed by foreign investors, up 82.3% year-on-year and accounting for 39.8% of total registered capital.

Investors have injected money into 19 fields and sectors, in which manufacturing and processing continued to attract substantial attention with investment capital of US$18.09 billion, or 69.1% of the total registered capital, followed by real estate with US$2.77 billion or 10.6% of the total, and retail and wholesale with nearly US$1.4 billion, accounting for 5.4% of the total.   

The data shows that out of 109 countries and territories investing in Vietnam in the nine-month period, Hong Kong (China) took the lead with US$5.89 billion. South Korea came second with US$4.62 billion while the third and fourth places belonged to Singapore and Japan with US$3.77 billion and US$3.06 billion, respectively. 

Among 59 cities and provinces having received direct foreign investment (FDI) in the first nine months this year, Hanoi has attracted the largest portion of capital commitments with over US$6.15 billion, accounting for 23.5% of total investment in the period.

Ho Chi Minh City came second with US$4.52 billion or 17.3% of the total investment, followed by Binh Duong with over US$2.52 billion, accounting for 9.6% of total investment.

Some of the big-ticket projects in the January – September period include US$3.85 billion in capital contribution from Hong Kong-based Beerco Limited to Vietnam Beverage for a beer project in Hanoi; an injection of an additional of US$410 million to LG Display Hai Phong; the US$260-million electronic manufacturing plant by Goertek (Hong Kong) located in Bac Ninh province; tire manufacturing plant worth US$280 million from a Chinese investor in Tay Ninh province and a similar project worth US$214.4 million financed by Guizhou Advance Type Investment (China) in Tien Giang province; and a solar power project worth US$216.7 million from Thailand’s investors in Phu Yen province.