Thursday, September 24 2020


FDI disbursement up 17.9% in 11 months

Update: November, 30/2015 - 08:34

Workers operate the tire production chain in Korean-invested Kumho Tire Vietnam Limited Company in Dong Nai Province. — VNA/VNS Photo Vu Sinh

HA NOI (VNS) — Disbursement of foreign direct investment (FDI) in Viet Nam reached an estimated US$13.2 billion from the beginning of 2015 until November 20, up 17.9 per cent against 2014.

Data from the General Statistics Office (GSO) showed that the country attracted $20.22 billion worth of FDI during the reviewed period, a year-on-year rise of 16.7 per cent. Of the sum, 1.855 new foreign-invested projects contributed $13.55 billion while the remainder was from 692 operating projects which raised their capital.

During the reviewed period, the manufacturing and processing sector lured the largest share of FDI with $12.93 billion or 64 per cent of the nation's FDI. The production and distribution of electricity, gas, hot water, steam and air conditioners came second with $2.78 billion or 13.7 per cent, while real estate trading ranked third with $2.33 billion or 11.5 per cent.

HCM City remained the most attractive destination to foreign investors as it absorbed more than $2.54 billion, making up 18.8 per cent of total FDI registered in the country. It was followed by Tra Vinh Province with $2.52 billion or 18.6 per cent, Dong Nai Province with $1.46 billion or 10.8 per cent, Binh Duong Province with $1.18 billion or 8.8 per cent, and the capital city with $813 million or 6 per cent.

From January to November 20, South Korea was Viet Nam's largest source of FDI with more than $2.5 billion, accounting for 18.6 per cent of the country's total new FDI, followed by Malaysia with over $2.4 billion, the United Kingdom with $1.3 billion, and Japan with $1.26 billion, apart from Taiwan with $911 million.

Japanese companies eye Hai Duong Province

A number of active and technology-driven Japanese companies met with local businesses in northern Hai Duong Province on Friday, November 27, to seek partnerships for new projects.

The Japanese companies mainly operate in industry, the environment, agriculture, and infrastructure construction.

Minoru Maki, representative of the Kyushu region's Agency for Trade and Investment Promotion under the Ministry of Economy, Trade and Industry, said the Japanese companies expect co-operation opportunities in the province.

Hidenori Yasaki, president of Yasaki Company, specialising in agricultural products and microbiological liquid fertiliser, said Viet Nam had a large agricultural market but paid little attention to safety and food hygiene.

Yasaki was willing to build factories in the country to help Vietnamese consumers access hi-tech and safe products, he said.

Japanese investors have pumped $1.1 billion in 60 projects on manufacturing, electronic component assembling, mechanic spare parts and telecommunication equipment; apart from moulding, automobile electric wire and cable in Hai Duong.

Based on the total funds invested in the province, Japan was ranked second out of 24 countries and territories.

The disbursed capital by Japanese companies makes up 80 percent of the province's disbursed capital, the highest among foreign investors in the province. — VNS

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