Monday,  Jul 6, 2020,06:45 (GMT+7) 0 0
Registered foreign capital exceeds US$15 billion in H1
By Le Hoang
Monday,  Jun 29, 2020,12:33 (GMT+7)

Registered foreign capital exceeds US$15 billion in H1

By Le Hoang

A worker examines electronic components at a Myungjin Electronic Vina factory, invested by South Korea, in the northern province of Thai Nguyen. Fresh and additional capital and capital contributions of foreign investors in Vietnam were recorded at US$15.67 billion as of June 20 – PHOTO: VNA

HCMC - Fresh and additional capital and capital contributions of foreign investors in Vietnam were recorded at US$15.67 billion as of June 20, down 15.1% against the same period last year.

According to data of the Ministry of Planning and Investment, 1,418 foreign direct investment projects were licensed in the first half of the year, with registered capital totaling US$8.44 billion.

The increasing foreign direct investment during the period was attributed to the liquefied natural gas project worth US$4 billion in the southern province of Bac Lieu.

Meanwhile, the January-June period saw capital adjustments at 526 projects with an additional US$3.7 billion, up 26.8% year-on-year. Of these, the petrochemical complex project in Ba Ria-Vung Tau Province saw its investment capital increase by US$1.386 billion.

As for capital contributions and share purchases of foreign investors, there were 4,125 transactions of the kind during the six-month period worth US$3.51 billion in total, up 2.6% in number but down 54.8% in value year-on-year.

Despite the increasing number of capital contributions and share purchases, the values were low, some US$850,000 per case on average and much less than that witnessed during the same period last year. This kind of capital investment made up 44% of the first half of last year but only 22.4% during the same period this year.

Foreign investors focused their investments in 18 areas, with the processing-manufacturing sector taking the lead with over US$8 billion (51.1% of the total registered capital). Electricity production and distribution came second with US$3.95 billion (25.2%), followed by retail-wholesale and the property business with US$1.08 billion and some US$850 million, respectively.

Of the 98 countries and territories investing in Vietnam during the period, Singapore accounted for the largest amount with US$5.44 billion (34.7%), followed by Thailand and China with equal investment amounts of US$1.58 billion (10.1%).

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