The factory of the Chinese-invested Jasan Textile &Dyeing Vietnam Co. Ltd in the Vietnam-Singapore Industrial Park in Hai Phong city (Photo: VNA) Hanoi (VNA)๊ – As of February20, foreign investors have poured 8.47 billion USD into Vietnam, 2.5times higher than the same period last year, according to the ForeignInvestment Agency under the Ministry of Planning and Investment.
This number includes newlyregistered capital, capital contributed and shares purchased by foreigninvestors. The country granted 514 newinvestment licences to projects with a total registered capital of 2.44 billionUSD, up 75.7 percent over the same period of 2018. As many as 176 projectsregistered to adjust their capital with a combined additional capital of 854.8million USD, up 22.1 percent year on year. Meanwhile, the value ofcapital contribution and share purchases by foreign investors reached 5.17billion USD, four times higher than the same period in 2018 and accounting for61 percent of total registered capital. Foreign direct investment(FDI) projects were estimated to have disbursed 2.58 billion USD in the firsttwo months of this year, up 9.8 percent. This is the highest level of two-monthgrowth in the last three years. Foreign investors pumpedtheir money into 18 sectors, of which the manufacturing and processing industryremained the hottest with a total pledged capital reaching 6.93 billion USD,equivalent to 81.8 percent of the total registered value. The real estate and scienceand technology sectors were ranked second and third with respective values of 478million USD and 306.7 million USD. Hong Kong topped the list of66 countries and territories investing in Vietnam in January-February with a totalinvestment of 4.3 billion USD, making up 51 percent of the new FDI inflow intothe country. It was followed by Singaporewith 979 million USD and the Republicof Korea with 873 millionUSD. Hanoi was the most attractive among 44provinces and cities receiving FDI with 4 billion USD, or 47.3 percent of thetotal. Ho Chi Minh City came second with more than 1 billion USD, followed by BacNinh province with 541.7 million USD. The foreign investmentsector remained the major exporter with a total export value of all goods (includingcrude oil) reaching 25.95 billion USD, up 3.7 percent year on year and makingup 70.7 percent of Vietnam’s total export turnover. Its import value alsoincreased 5.1 percent during the reviewed period to 21.47 billion USD. To sum up, the FDI sectorrecorded a trade surplus of 4.48 billion USD.-VNA
VNA
