Vietnam Business Channel

Hong Kong is the leading investor in Vietnam this year

 

In the first seven months of this year Hong Kong companies invested $5.44 billion USD into Vietnam, becoming the largest source of foreign direct investment into the country.

According to a report from the Ministry of Planning and Investment’s Foreign Investment Agency, between January 1 ~ July 31, the following countries were the leaders in Vietnamese inbound investment:

1. Hong Kong           $5.44 billion USD
2. South Korea           $3.13 billion USD
3. China – Mainland           $2.45 billion USD
4. Singapore           $2.29 billion USD
5. Japan           $2.25 billion USD

In total, international investors made $20.2 billion USD in new investments into Vietnam in the seven-month period. This was a decrease of 13.5% compared to the same period in 2018.

A breakdown of the $20.2 billion USD in new investment:

• $8.27 billion USD came from 2,064 newly licensed projects
• $3.42 billion USD came from 781 existing projects raising their capital
• $8.52 billion USD was for acquisition of shares in Vietnamese companies

Despite the reduction in new investment, disbursement of FDI saw a positive increase of 7% to $10.6 billion when compared to the same period in 2018.

Investments were made into the following sectors:

Manufacturing & Processing           $14.46 billion USD – 71.5% of total FDI
Real estate           $1.47 billion USD – 7.3% of total FDI
Wholesale, retail, car and motorbikes           $1.09 billion USD – 5.4% of total FDI
Science & technology           $930 million USD – 4.5% of total FDI

Top FDI localities:

1. Hanoi           $4.85 billion USD
2. Ho Chi Minh City           $3.54 billion USD
3. Binh Duong           $1.73 billion USD
4. Dong Nai           $1.43 billion USD

Bao Viet Securities Company (BVSC) has predicted that the there will be $22 billion USD of new investments into the country by the end of this year, which will be a 13 ~ 15% increase over 2018. BVSC analysts said that continuing investment would come from China (mainland), Hong Kong, South Korea and Taiwan.

 

 

 

 

Read 58