FDI into Vietnam between the beginning of this year and August 20 reached $19.54 billion, down 13.7% from a year ago, according to statistics released by the Ministry of Planning and Investment.
Vietnam attracts $19.54 billion in FDI in eight months, down 13.7% Y/y. Photo: Voice of Vietnam
There were 1,797 newly licensed projects during the period, with registered capital of $9.73 billion, down 25.3% in term of new businesses and up 6.6% in term of registered capital.
The increase in investment capital was mainly due to the project of the Bac Lieu Liquefied Natural Gas Power Plant which was granted investment certificate with a total investment of $4 billion, accounting for 41.1% of the total newly registered capital.
There were 718 licensed projects from previous years registered as having adjusted their investment capital with additional capital of $4.87 billion, up 22.2%.
Adjusted capital in the eight-month period increased after a Thailand’s petroleum project in Ba Ria – Vung Tau increased investment capital by $1.3 billion and a South Korea’s urban project adjusted capital by $774 million.
During the reported period, 4,804 foreign investors contributed capital and purchased shares with a total value of nearly $4.93 billion, down 51.8%.
The processing and manufacturing industry witnessed the largest volume of newly licensed FDI projects, reaching $9.3 billion, accounting for 47.7% of total newly registered capital.
It was followed by electricity generation and distribution, with $4 billion, accounting for 20.6%; real estate ($2.87 billion); whole sale and retail ($1.21 billion).
Among the 106 countries and territories investing in Vietnam in the first eight months, Singapore was the largest investor, with $6.54 billion, accounting for 33.5% of the total, followed by South Korea with $2.97 billion (15.2%), China with $1.75 million (9%) and then Japan, Thailand, and Taiwan (China).
Among the 59 localities receiving FDI in the eight-month period, the Mekong Delta province of Bac Lieu ranked top with $4 billion. Ha Noi came next with $2.86 billion and Ho Chi Minh City placed third with $2.62 billion, followed by Ba Ria – Vung Tau, Binh Duong, Hai Phong.