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5 billion-dollar-projects set a record high of FDI to Vietnam
Nguyen Tung 10:28, 2017/12/30
With significant contribution of 5 billion-dollar-projects, the year 2017 marks the record high of foreign direct investment (FDI) to Vietnam.
In 2017, FDI to Vietnam has reached the highest number over the past 10 years. As of December 20, total value of newly, additionally registered capital, capital contributed and shares bought by foreign investors of 35.88 billion USD, up 44.4% compared to the same period of 2016.
 
Among 5 billion-dollar-projects are 3 thermal power plants.
Among 5 billion-dollar-projects are 3 thermal power plants.
Specifically, in 2017, there are 2,591 newly approved projects with total registered capital of 21.27 billion USD, up 42.3% compared to the same period of 2016. Besides, there are 1,188 projects with additional registered capital amounting to 8.51 billion USD, up 49.2% compared to the same period of 2016 and 5,002 times of share purchasing of 6.19 billion USD, up 45.1% compared to 2016. 

In term of FDI, the number invested to Vietnam is 29.68 billion USD, while the indirect investment through capital contribution and shares purchase are 6.19 billion USD. The mergers & acquisitions (M&A) of Vietnam is continue booming as expected by the M&A Vietnam Forum.

The record is set with the disbursement rate of 17.5 billion USD. Since Vietnam opened to foreign investment 30 years ago, this is the first time disbursement rate of Vietnam reach this number. In the last 10 years, FDI disbursement rate was only in range 11 – 12 billion USD which led to concerns from economic experts over the absorbing capability of Vietnam’s economy. 

For example, in 2012, the disbursement rate was 10.46 billion USD, and this number increased to 11.5 billion USD in 2013 and 12.5 billion USD in 2014. In recent years, FDI disbursement rate has been accelerated, up to 14.5 billion USD in 2015; 15.8 billion USD in 2016 and set a new record in 2017. 

In fact, this is the disbursed number, which has not taken into account the investment through capital contribution and shares purchase. In a report at the National Assembly in the last month, the Foreign Investment Agency calculated that the disbursement rate through capital contribution and shares purchase can be around 3 billion USD. As such, in 2017, disbursement rate from foreign investment is 20 billion USD, contributing significantly to the increasing number of social investment, thus laying the foundation for economic growth. 

In addition to the increasing number of foreign investment through capital contribution and shares purchase, the impressive return of billion-dollar-projects have contributed significantly to a record high of FDI in Vietnam in 2017. Specifically, there are 5 billion-dollar-projects approved this year, including 3 thermal power plants being the Nghi Son 2 Thermal Power Plant with total investment of 2.79 billion USD from Japanese investor in Thanh Hoa with capacity of 1,200 MW; Van Phong 1 Thermal Power Plant with total investment of 2.58 billion USD from Japanese investor in Khanh Hoa for capacity of 1,320 MW, and Nam Dinh 1 Thermal Power Plant with total investment of 2.07 billion USD from Singaporean investor in Thai Binh with capacity of 1,109.4 MW.

Besides, the Samsung Display project in Bac Ninh has received additional fund of 2.5 billion USD and the Block B – O Mon gas pipeline project with total investment of 1.27 billion USD in KIen Giang, not to mention the smart complex project in Ho Chi Minh’s Thu Thiem Urban area of 885.85 million USD from Korean investor.

In overall, these 5 billion-dollar-projects have total investment of 12 billion USD, accounting for more than 40% of total registered capital to Vietnam in 2017.
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