Friday, 18 Aug 2017

FDI to Vietnam over 5.8% in Jan-July

Updated at Friday, 28 Jul 2017, 17:06
The Hanoitimes - The Foreign Investment Agency reported that as of July 20, disbursement of FDI projects was estimated at US$ 9.05 billion, representing a year-on-year surge of 5.8%.
In the first seven months of 2017, total amount of FDI attraction was US$ 21.93 billion, up 52% against the same period last year.

Manufacturing and processing was the most attractive area, absorbing US$ 10.83 billion making up nearly a half (49.4%) of total FDI registration.



Electricity production and distribution ranked second with US$ 5.25 billion of capital registered, accounting for 23.98% of the total; followed by mining with US$ 1.28 billion (5.86%).

The South Korea was the largest FDI provider in Vietnam by pouring US$ 5.62 billion (accounting for 25.63%); followed by Japan with US$ 5.46 billion (24.92%); Singapore with US$ 3.8 billion (US$ 17.3%).

The northern province of Thanh Hoa was the biggest recipient of FDI with over US$ 2.7 billion electricity project. The province received US$ 3.06 billion of FDI registration (or 13.9% of total FDI registration); followed by Bac Ninh with US$ 2.95 billion (13.48%); Nam Dinh with US$ 2.2 billion (10%).

The FDI sector continued to play as a key exporter. Specifically, in January-July, overseas shipment of the sector (including crude oil) valued US$ 83.05 billion, representing a year-on-year surge of 20.3% and accounting for 72% of total export turnover. Excluding crude oil, export turnover of the sector was estimated at US$ 81.26 billion, up 20% against the same period last year and made up 70.53% of export turnover.

Meanwhile, the FDI sector imported US$ 71.35 billion of goods, posting a year-on-year surge of 28.1%, occupying 60.3% of total import turnover. In the first seven months, the sector ran a trade surplus of US$ 11.69 billion (including crude oil) and US$ 9.9 billion (excluding crude oil).
Tuan Minh - Hai Duong
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