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FDI totals over US$18 billion in Jan-July
By Thanh Thom
Wednesday,  Aug 1, 2018,12:27 (GMT+7)

FDI totals over US$18 billion in Jan-July

By Thanh Thom

An employee works at a laboratory of Australian-invested Intermalt plant at Cai Mep Industrial Zone in the southern province of Ba Ria-Vung Tau – PHOTO: TL

HCMC – Fresh foreign direct investment (FDI) approvals nationwide in the year to July 20 reached US$18.1 billion, a year-on-year drop of 3.5%, the General Statistics Office of Vietnam (GSO) noted in a July 29 report on the country’s socioeconomic performance in the January-July period.

GSO data shows that foreign investors injected over US$13.2 billion into more than 1,600 newly licensed projects between early January and July 20, rising by 2.2% in value and 20.2% in number from a year earlier.

This period also saw 627 operational FDI projects adjusting up their investment capital by some US$4.9 billion, down 15.8% against the year-ago period.

Foreign investors also conducted a total of 3,311 transactions to contribute capital and acquire stakes in local companies with a combined value of US$4.79 billion, up a hefty 53.3% from a year earlier.

They included 475 transactions to raise the charter capital of companies, worth US$1.64 billion, and 2,836 deals worth US$3.15 billion to buy domestic company stakes without increasing the charter capital.

According to the GSO, new FDI capital was mainly poured into the processing and manufacturing sector, with over US$5.2 billion, accounting for 39.4% of the total in the period. It was followed by the real estate sector, with some US$5 billion (37.9%), and other sectors, with US$2.9 billion (22.7%).

In terms of capital contribution and share acquisition transactions by foreign investors, the processing and manufacturing sector gained the largest proportion at roughly US$1.2 billion, making up a quarter of the total.

The wholesale, retail and automobile and motorbike repair sectors finished in second place, with US$1.06 billion (22.2%), while other sectors totaled more than US$2.5 billion (52.8%).

Among the 51 cities and provinces that have attracted fresh FDI so far this year, Hanoi took the lead, with around US$5.6 billion (42.9%), followed by the southern province of Ba Ria-Vung Tau, with some US$1.7 billion (13.4%); Binh Duong Province, US$566 million (4.3%); HCMC, US$528.1 million (4%); and Dong Nai Province, US$499.6 million (3.8%).

Among the 63 countries and territories with fresh investment projects in Vietnam, Japan finished in first place with US$5.8 billion (44%), followed by South Korea with US$3.3 billion (25.2%); Thailand, US$664.4 million (5%); and Singapore, US$611.3 million (4.6%).

In a related development, Vietnamese investors poured US$238.3 million into 81 newly approved projects and injected a combined US$41.3 million into 21 operational projects during the year up to July 20, according to the GSO.

The finance and banking sector saw the largest investment at US$105.8 million, making up 37.8% of the total, followed by the agriculture, forestry and fisheries sector, with US$63.8 million (22.8%), and the processing and manufacturing sector, with US$45.5 million (16.3%).

Among the 32 countries and territories receiving Vietnam’s offshore investments, Laos obtained the largest proportion, at US$84 million, 30% of the total, followed by Italy, with US$37.1 million (13.3%), and Slovakia, with US$35.9 million (12.9%).

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