Hanoi attracted most FDI capital with more than $4.15 billion, followed by Ho Chi Minh City and Binh Duong Province. In the first quarter of this year, FDI projects were estimated to have disbursed $4.12 billion, up 6.2 percent compared to the same period last year. Industrial manufacturing and processing lured the highest FDI. Real estate and science and technology sectors ranked second and third respectively. Earlier, FDI attraction in the first two months of this year was up to $8.47 billion, 2.5 times higher than the same period last year. However, capital structure shows that growth comes from indirect investment capital. Capital disbursement slightly edged up, hitting $4.1 billion, an increase of 5.7 percent year-on-year. By Anh Phuong – Translated by Thuy Doan … [Read more...] about FDI capital into Vietnam makes new record
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Ha Noi urged to change ways of using FDI capital
Ha Noi should change its mindset to draw more foreign direct investment (FDI) capital and improve the use of FDI capital in at least 10 years with rising challenges and opportunities. — Photo kinhtevn.com.vn Ha Noi should change its mindset to draw more foreign direct investment (FDI) capital and improve the use of FDI capital in at least 10 years with rising challenges and opportunities, Deputy Prime Minister Vuong Dinh Hue said on Tuesday. The capital city should strengthen its co-operation and development ties, take foreign investors as key partners, and carefully select the right investors to develop an independent integrative economy, he said. The deputy PM also appreciated Ha Noi’s efforts to lure FDI capital in the past 30 years that have paid great contribution to the capital city’s socio-economic development. In 2019-20, the city must address its top-priority sectors, which need focused investment and help the city and neighbouring provinces join the global … [Read more...] about Ha Noi urged to change ways of using FDI capital
Hanoi urged to renovate mindset in attracting and using FDI capital
Politburo member Hue made the remark while heading a working team of the government to work with the Hanoi authorities concerning the locality’s FDI capital attraction and use on January 29. The working session aimed to explore the reality of foreign investment in the capital city, as well as its advantages, difficulties and recommendations to finalise the project on the orientations for the completion of institutions and policies to improve the quality and efficiency of attracting and using FDI capital until 2030. In his address, Deputy PM Hue highly appreciated Hanoi’s FDI attraction results over the past 30 years, which, he said, has contributed positively to local socio-economic development. He suggested that the capital city possibly shift from strengthening the attraction of FDI capital to a period of comprehensive investment and development cooperation. All-around cooperation is manifested through considering investors as important partners and creating an … [Read more...] about Hanoi urged to renovate mindset in attracting and using FDI capital
Hanoi leads FDI capital attraction in 2018
Photo for illustration. (Source: VNA)The information was revealed by Deputy Director of the Department of Planning and Investment Tran Ngoc Nam at a regular press meeting of the city Party Committee on December 25th. In the 2016-2018 period, Hanoi draw nearly USD14.05 billion, equaling to 2.25 fold of the 2011-2015 period. From the beginning of the year, the city licensed 616 new projects with a total registered capital of USD5.03 billion and saw 157 ongoing projects registering an additional capital of USD827.69 million. So far, the northern hub has lured USD36.55 billion of FDI capital, in which wholly foreign-invested projects made up 80%. Japan is the biggest foreign investor in Hanoi with about USD10.6 billion, followed by Singapore, USD6.9 billion, and the Republic of Korea, USD5.5 billion, Nam said. Real estate absorbed the most FDI capital with 34.8% of the total, followed by processing and manufacturing 24.4%, information and communications 8.72%, and construction 6.29%, he … [Read more...] about Hanoi leads FDI capital attraction in 2018
FDI capital reduces 6.8 percent year on year in 11 months
The funds comprise newly registered capital, additional capital, capital contribution and share purchase from foreign investors. Specifically, 2,714 projects were granted with investment certificates with the total capital of US$15.78 billion, down 20.3 percent over a year ago; 954 projects registered to supplement $7.4 billion, dropping 7.4 percent. Foreign investors made 5,882 capital contributions and share purchases with the total value of $7.6 billion, increasing 44.4 percent. The most invested field is manufacturing and processing with $14.2 billion accounting for 46.2 percent of total registered capital, followed by real estate with $6.5 billion and wholesale and retail with $3.1 billion. A total of 108 nations and territories have invested in Vietnam. The biggest investor is Japan with $8 billion making up 25.9 percent of total investment capital. South Korea ranks second with $6.8 billion and Singapore third with $4.1 billion. In 59 provinces and cites luring FDI investment, … [Read more...] about FDI capital reduces 6.8 percent year on year in 11 months