Economy
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Precision mechanical processing at TDK Machining Việt Nam. The company has 10 years of experience in manufacturing a variety of materials such as metals and plastics. Foreign investors landed investments in 18 sectors, with processing and manufacturing absorbing the largest amount of capital (over $14 billion or 53 per cent). — Photo courtesy of TDK Machining Việt Nam
HÀ NỘI — Foreign direct investment (FDI) registered in Việt Nam reached US$26.46 billion as of November 20, up 0.1 per cent year on year, according to the Ministry of Planning and Investment.
Notably, the total additional registered capital stood at over $8 billion, an annual rise of 26.7 per cent.
During the period, $14.1 billion was poured into 1,577 newly-licensed projects, up 3.76 per cent in value but down 31.8 per cent in volume over the same period last year.
The remaining investment 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 or 53 per cent), followed by power generation and distribution (over $5.7 billion), real estate ($2.41 billion), and wholesale and retail ($1.27 billion).
Among 100 countries and territories investing in Việt Nam in the period, Singapore took the lead with $7.6 billion, making up 28.7 per cent of the total. The Republic of Korea (RoK) came second with more than $4.36 billion, and Japan was the third largest investor with $3.7 billion.
Localities that attracted the most FDI were Long An ($3.76 billion), HCM City (nearly $3.43 billion), and Hải Phòng City (over $2.8 billion).
Export turnover of the FDI sector (including crude oil) was estimated at nearly $220.2 billion, up 19.7 per cent over the same period and accounting for 73.6 per cent of Việt Nam’s total. The sector’s import value (excluding crude oil), meanwhile, exceeded $195.5 billion, an annual increase of 29.5 per cent and accounting for 65.5 per cent of the country’s total. — VNS
