Six-month FDI grows across the board

(VEN) – The Foreign Investment Department said that amounts of disbursed, registered and supplementary foreign direct investment (FDI) capital increased in the first six months of this year.
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Specifically, FDI disbursed during the first half of the year amounted to US$5.7 billion, a 5.6 percent increase from a year ago.

Vietnam granted investment licenses to 554 new FDI projects with total registered capital of US$5,812 million, a 3.7 percent increase from a year ago. Meanwhile, 217 ongoing FDI projects registered to increase their capital by US$4.66 billion, a 35.7 percent increase. New and supplementary FDI capital reached US$10,473 million in the first six months of this year, a 15.9 percent increase against the same period last year.

The Foreign Investment Department said that new and supplementary FDI increased rapidly in these months as a result of increased capital for several major projects, including the Japanese-invested Thanh Hoa-based Nghi Son Oil Refinery Project increasing its capital by US$2.8 billion, the Bac Ninh-based Samsung Electronics Vietnam Co., Ltd. project increasing its capital by US$1 billion, the Samsung Electronics Vietnam Thai Nguyen Co., Ltd. project investing US$2 billion in Thai Nguyen Province, and the Russian-invested Bus Industrial Center Co., Ltd. project investing US$1 billion in Binh Dinh Province.

Export-import revenues in the FDI sector also soared showing positive business signals. The sector exported US$37.37 billion worth of goods not including crude oil in the first six months of this year, increasing by 28.3 percent increase from a year ago and accounting for 60.22 percent of all export earnings. The sector also imported US$35,726 million worth of goods during this time, increasing by 27.8 percent from a year ago and accounting for 56.3 percent of all import purchases. The FDI sector reached a trade surplus of US$5,413 million, while the country recorded a trade deficit of US$1,403 million.

Forty-five countries and territories invested in Vietnam in these months, including Japan as the leader with US$3,992 million in new and supplementary FDI capital accounting for 38.1 percent of all FDI capital in the country. Singapore took second place with US$3.14 billion and 32.6 percent and was followed by Russia with US$1,015 million and 9.7 percent, respectively./.

Foreign businesses invested in 18 sectors in Vietnam in the first six months of this year. The processing and manufacturing sector continued to attract foreign investors through 259 new projects and total new and supplementary capital of US$9,308 million accounting for 88.9 percent of all registered capital. The real estate sector took second place with 13 new projects and total new and supplementary capital of US$419.67 million accounting for almost four percent of all investment capital. The whole sale, retail and repair sector took third place with 79 new projects and total new and supplementary capital of US$178.27 million accounting for 1.7 percent of all investment capital./.

By Chu Huynh

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