FDI rises nearly 8% in eight months
Vietnam lured the total capital of 14.36 billion USD from foreign direct investment (FDI) projects in the first eight months of this year, up 7.7 percent against the same period last year, according to the Foreign Investment Agency under the Ministry of Planning and Investment.
The amount included 9.79 billion USD from 1,619 FDI newly-registered projects, an increase of 24.3 percent from the same period last year. The rest came from 770 adjusted projects.
Disbursement of FDI could reach a total of 9.8 billion USD in the first eight months of 2016, a year-on increase of 8.9 percent, the agency reported.
In the reviewed time, export revenue of FDI firms also saw a positive growth at 6.1% compared to the same period in 2015, reaching 79.572 billion USD and accounted for 70.9% of export turnover. Imports of this sector reached 64.386 billion USD, 99.2% against the same period last year and accounted for 58.6% of import revenue of 8 months.
Imports of FDI areas in the first 8 months of this year reached 64.386 billion USD, equivalent to 99.2% over the same period and making up 58.6% of import turnover.
During the period, trade surplus of FDI firms reached 15.186 billion USD, including crude oil.
The manufacturing and processing industry recorded 678 new projects and 551 adjusted ones, with a total FDI of 10.53 billion USD, accounting for 73.3 percent of total investment in the period.
It was followed by real estate, with 34 new projects and a combined new and adjusted capital of 836.2 million USD.
The Republic of Korea continues to be the leading investors in Vietnam, with 4.8 billion USD, accounting for 33.4 percent of the total nation’s FDI.
Singapore and Japan ranked second and third, with 1.68 billion USD or 11.6 percent and 1.46 billion USD or 10.1 percent, respectively.
According to the Ministry of Planning and Investment, FDI is expected to record a rise of 10-15 percent over 2015 and disbursement is to reach 15 billion USD this year.
With 30 FDI newly-registered projects and 21 adjusted projects, Hai Phong city is the country's most attractive destination with the total capital of 2.02 billion USD, accounting for 14% of total investment.
Hanoi capital ranks second with the total registered capital from new and adjusted projects reaching 1,782 billion USD, accounting for 12.4% of total investment.
Disbursement of FDI could reach a total of 9.8 billion USD in the first eight months of 2016, a year-on increase of 8.9 percent, the agency reported.
In the reviewed time, export revenue of FDI firms also saw a positive growth at 6.1% compared to the same period in 2015, reaching 79.572 billion USD and accounted for 70.9% of export turnover. Imports of this sector reached 64.386 billion USD, 99.2% against the same period last year and accounted for 58.6% of import revenue of 8 months.
Imports of FDI areas in the first 8 months of this year reached 64.386 billion USD, equivalent to 99.2% over the same period and making up 58.6% of import turnover.
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The manufacturing and processing industry recorded 678 new projects and 551 adjusted ones, with a total FDI of 10.53 billion USD, accounting for 73.3 percent of total investment in the period.
It was followed by real estate, with 34 new projects and a combined new and adjusted capital of 836.2 million USD.
The Republic of Korea continues to be the leading investors in Vietnam, with 4.8 billion USD, accounting for 33.4 percent of the total nation’s FDI.
With 30 FDI newly-registered projects and 21 adjusted projects, Hai Phong city is the country's most attractive destination.
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According to the Ministry of Planning and Investment, FDI is expected to record a rise of 10-15 percent over 2015 and disbursement is to reach 15 billion USD this year.
With 30 FDI newly-registered projects and 21 adjusted projects, Hai Phong city is the country's most attractive destination with the total capital of 2.02 billion USD, accounting for 14% of total investment.
Hanoi capital ranks second with the total registered capital from new and adjusted projects reaching 1,782 billion USD, accounting for 12.4% of total investment.
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