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Singapore tops the list of countries investing in Vietnam
Ngoc Thuy 21:55, 2018/01/30
Singapore is currently the largest investor to Vietnam with foreign direct investment (FDI) of US$147.7 million in January, accounting for 33.4% of newly registered capital.
In the first month of 2018, a total of 23 countries and regions have projects approved in Vietnam, according to the Ministry of Planning & Investment. 
 
Illustration photo.
Illustration photo.
As of January 20, Vietnam has issued licenses for 166 projects with registered capital of US$442.6 million, a reduction of 5.1% in term of the number of projects and 64.4% of the registered capital compared to the same period of 2017.

Notably, 61 projects have adjusted investment funds for an increase of US$456.8 million, up 155% over the last year period. 

As such, newly registered and adjusted capital have witnessed an increase of US$899.4 million, decreasing 36.8% year in year, while disbursement rate of FDI in January 2018 is estimated at nearly US$1 billion, up 10.5% compared to the last January. 

This month also recorded 415 turns of capital contributions from foreign investors with amount up to US$356 million, an increase of 54.7% compared to 2017, in which 212 turns of capital contribution and share purchase with an aim to increase chartered capital of US$199.1 million and 203 turns of foreign investors acquiring shares of state owned enterprises (SOEs) without the increase of chartered capital of US$156.9 million.

FDI for newly approved projects is mainly concentrated on processing industry and manufacturing with registered capital of US$330.6 million, accounting for 74.7% of total newly registered capital; electricity production and allocation and gas reached US$60 million for 13.5%; while other sectors have attracted US$52 million for 11.8%.

Out of 24 provinces and cities having newly approved projects from FDI, Ho Chi Minh attracted the largest investment fund with US$86.2 million, accounting for 19.5% of newly registered capital, followed by Nam Dinh with US$80.2 million for 18.1% and Ninh Thuan of US$60 million for 13.6%.

Singapore is currently the largest investor to Vietnam with foreign direct investment (FDI) of US$147.7 million in January, accounting for 33.4% of newly registered capital, according to the General Statistics Office. 

Korea came in the second place with US$70.4 million for 15.9%; Norway claimed the third place with US$70.1 million for 15.8%; followed by British Virgin Islands with US$51.4 million for 11.6%; China with US$20.1 million, accounting for 4.5%; Indonesia of US$20 milllion for 4.5%; and Hong Kong with US$16.5 million for 3.7%. 
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