Saturday, October 21 2017

VietNamNews

FDI value reaches $10.95b to April

Update: May, 06/2017 - 09:00
Viet Nam News

HÀ NỘI – The value of foreign direct investment (FDI) capital in Việt Nam reached US$10.95 billion in the first four months of this year, a year-on-year increase of 40.5 per cent.

The FDI value mainly came from new projects, additional investment capital and buying stakes, reported the Ministry of Planning and Investment’s Foreign Investment Agency.

In which, the ministry licensed 734 new projects worth US$4.88 billion, equal to 96 per cent of the value of the first four months last year thanks to several large projects being licensed during the period.

Some 345 available projects raised investment capital with total value of $4.36 billion, increasing by 241.8 per cent compared with the same period last year. Foreign investors also contributed capital or bought stakes with total value of $1.35 billion, up 106.8 per cent.

Samsung Display Việt Nam increased its investment capital by $2.5 billion in northern Bắc Ninh Province; a US$1.27 billion joint venture between Japan’s Mitsui Oil Exploration, Việt Nam Oil and Gas Group (PVN) and PetroVietnam Gas Corporation (PV Gas), is designed to transport some 20.3 million cu.m per day of gas for two power plants with total capacity of 3,660 MW; the Plytex Far Eastern factory, funded by Taiwanese investors, raised additional capital of $485.8 million; and Coca-Cola Việt Nam increased its capital by $319.8 million.

During the period, the processing and manufacturing sectors hit the highest capital with $7.36 billion, 69.53 per cent of the total. It was followed by the mining and wholesale and retail sectors, with total value of $1.28 billion, and $546.68 million, respectively.

Of the total 83 nations and territories investing in Việt Nam, the Republic of Korea led with $4.05 billion in investment, followed by Japan and Singapore with $1.85 billion and $1.1 billion, respectively. — VNS

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