CATEGORIES

© Copyright 2004; Hanoitimes - Economic and Urban Newspaper;

The tribune of Hanoi People’s Committee

Publication Permit: 29/GP-CBC

Editor - in - Chief: Nguyen Thanh Loi

Managing Editor: Ta Thu Giang

Email : thugiang@hanoitimes.vn

Head Office: 21 Huynh Thuc Khang Street, Dong Da District, Hanoi

Branch Office: 221 Tran Phu Street, Ha Dong District, Hanoi

70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Investment
Actual FDI in Vietnam up 7.4% to US$16.21 billion in Jan-Oct
Hai Yen 17:43, 2019/10/25
FDI commitments in the January – October period totaled US$29.11 billion, up 4.3% year-on-year.
Disbursement of foreign direct investment (FDI) projects in Vietnam totaled US$16.21 billion between January and October, representing an increase of 7.4% year-on-year, a report of the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment has shown.
 
Illustrative photo.
Illustrative photo.
Meanwhile, FDI commitments in the January – October period totaled US$29.11 billion, up 4.3% year-on-year. 

Year to October 20, 3,094 new projects have been approved with total commitments of US$12.83 billion, up 25.9% in number of projects and down 14.6% in capital year-on-year, while 1,145 existing projects have been injected an additional US$5.47 billion, up 20% in projects and down 16.4% in capital.  

During this period, 7,509 projects have had US$10.81 billion in capital contributed by foreign investors, up 70.5% year-on-year and accounting for 37.1% of total registered capital.

Investors have poured money into 19 fields and sectors, in which manufacturing and processing continued to attract substantial attention with investment capital of US$18.83 billion, or 68.1% of the total registered capital, followed by real estate with US$2.98 billion or 10.2% of the total, and retail and wholesale, science and technologies.    

The data shows that out of 107 countries and territories investing in Vietnam in the ten-month period, Hong Kong (China) took the lead with US$6.45 billion. South Korea came second with US$5.52 billion while the third place belonged to Singapore with US$4.21 billion, or 14.5%. 

Notably, investment capital from Hong Kong and mainland China to Vietnam has been on a growing trend year-on-year, mainly thanks to the impact from US – China trade war. FDI from China increased by 2-fold and from Hong Kong 3.94-fold year-on-year. 

Among 60 cities and provinces having received FDI in the first ten months this year, Hanoi has attracted the largest portion of capital commitments with over US$6.61 billion, accounting for 22.7% of total investment in the period.

Ho Chi Minh City came second with US$4.96 billion or 17% of the total investment, followed by Binh Duong, Dong Nai, Bac Ninh. 

Some of the big-ticket projects in the January – October period include a smart city project in Hanoi with registered capital of US$4.14 billion; US$1.2 billion polypropylene (PP) manufacturing plant in Ba Ria – Vung Tau; US$3.85 billion in capital contribution from Hong Kong-based Beerco Limited to Vietnam Beverage for a beer project in Hanoi; an injection of an additional  US$410 million to LG Display Hai Phong; the US$260-million electronic manufacturing plant by Goertek (Hong Kong) located in Bac Ninh province; tire manufacturing plant worth US$280 million from a Chinese investor in Tay Ninh province and a similar project worth US$214.4 million financed by Guizhou Advance Type Investment (China) in Tien Giang province; and a solar power project worth US$216.7 million from Thailand’s investors in Phu Yen province. 
Comments
Other news
12:23, 2024/04/08
US-based Rosen Partner to invest in world-class entertainment complex projects in Vietnam
The project is expected to crystallize and showcase Vietnam's unique cultural values to the world.
16:32, 2024/04/04
Vietnam among top investment destinations for SEA investors
The top three neighboring countries whose companies are eager to expand their operations in Vietnam are Thailand (66%), Malaysia (58%), and Indonesia (55%).
13:47, 2024/04/01
Vietnam, China intensify cooperation on green growth, digital economy
The scope of cooperation includes not only investment but also technology transfer, employee training, and the exploration of other markets.
15:07, 2024/03/13
Foreign capital set to dominate Vietnam’s M&A landscape
The positive trend of foreign capital in the M&A market this year follows the momentum of 2023, where the top five largest deals involved foreign investors.
15:21, 2024/03/08
Vietnam looks to support FDI firms as global minimum tax looms
The move is aimed at attracting foreign capital from future investors and protecting existing businesses.
19:45, 2024/03/06
Factors unlocking Vietnam’s potential in FDI attraction: HSBC
The strategy to attract more FDI should begin with understanding and assessing the competitive landscape between Vietnam and other Southeast Asian countries.