Vietnam Business Channel

Foreign investment into Vietnam increased by $1.55 billion USD in January

 

January 2019 saw the value of FDI projects increase 9.2% over the same period in 2017 and were estimated to have disbursed $1.55 billion USD. This is according to a recently released report from the Ministry of Planning and Investment’s, Foreign Investment Agency.

The total of newly registered capital, increased capital and equity capital of foreign investors reached $1.9 billion, up 51.9 per cent over the same period in 2018.

• By the end of January, 226 new projects, with registered capital of $805 million USD were granted investment registration certificates (IRCs). This was an increase of 81.9% over the same period in 2018.

• There were 489 capital contributions and shares purchase of foreign investors with the total capital contribution of $761.8 million USD, up 114% year-on-year.

• Additionally, 72 projects registered to adjust their investment capital amounts, which increased by $340.2 million USD, equaling a 74.5% year-on-year increase.

• Foreign investors invested in 18 sectors, in which the processing and manufacturing industries are the most attractive areas to them. The field of professional, science and technology activities ranked second, with real estate ranked third.

• A total of 51 countries and territories own investment projects in Vietnam, in which Japan is the first, South Korea ranks second and China ranks third.

• Foreign investors have invested in 39 provinces and cities, in which Ho Chi Minh City has attracted the most, followed by Binh Duong and Hai Duong.

Exports from the FDI sector, including crude oil were $13.58 billion USD, an increase of 94.9% over the same period in 2018 and accounting for 67.9% of export turnover.

Exports excluding crude oil reached $13.4 billion USD, equaling 95% of the same period in 2018 and accounting for 67% of export turnover.

Imports reached $11.75 billion, equaling 98.7% over the same period in 2018 and accounting for 56.4% of import turnover.

 

 

 

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