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Actual FDI in Vietnam up 8% to over US$9 billion in Jan-Jun
Ngoc Thuy 15:57, 2019/06/25
FDI commitments in the January – June period totaled US$18.47 billion, down 9.2% year-on-year.
Disbursement of FDI projects totaled US$9.1 billion in the six-month period, representing an increase of nearly 8% 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 – June period totaled US$18.47 billion, down 9.2% year-on-year. 

According to the agency, 1,723 new projects have been approved with total commitments of US$7.41 billion in the first six months, down 37.2% from the corresponding period last year, while 628 existing projects have been injected an additional US$2.94 billion, down 33.8% from the same period last year. 

During this period, 4,020 projects have had US$8.12 billion in capital contributed by foreign investors, up 98.1% year-on-year and accounting for 44% of total registered capital.

Investors have invested in 19 fields and sectors, in which manufacturing and processing continued to attract substantial attention with investment capital of US$13.15 billion, accounting for 71.2% of total FDI approvals.

Real estate was the second most heavily invested, with US$1.32 billion, or 7.2% of total registered capital, followed by retail and wholesale with US$1.05 billion or 5.7%.  

The data shows that out of 95 countries and territories investing in Vietnam in the six-month period, Hong Kong (China) took the lead with US$5.3 billion, accounting for 28.7% of total investment. South Korea came second with US$2.73 billion or 14.8% of total investment, while the third place belonged to Singapore with US$2.2 billion.

Among 55 cities and provinces having received direct foreign investment (FDI) in the first six months this year, Hanoi has attracted the largest portion of capital commitments with over US$4.87 billion, accounting for 26.4% of total investment in the period.

Ho Chi Minh City came second with US$3.09 billion or 16.7% of the total investment, followed by Binh Duong with over US$1.37 billion, accounting for 7.4% of total investment.

Some of the big-ticket projects in the January – June period include US$3.85 billion in capital contribution from Hong Kong -based Beerco Limited to Vietnam Beverage for a beer project in Hanoi; 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. 
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