Ministry: Vietnam Reports Pledged FDI US$47 Bln in Jan-August

Vietnam has licensed US$47.15 billion worth of registered FDI capital in the first eight months this year, up 4.5 times on-year, said the Ministry of Planning and Investment (MPI) on August 26.

 

Of the pledged sum, 772 new foreign-invested projects registered US$46.3 billion and 210 existing projects added US$830 million to their operation, the MPI said.

 

All the foreign-invested projects reported to have disbursed US$8 billion between January and August, up 43 per cent on-year, the MPI noted.

 

During the phase, the FDI sector posted export value of US$23.69 billion (including oil crude), and imported US$19.2 billion worth of goods, up 35.4 per cent and 41.3 per cent on-year.

 

According to the ministry, the service continued to be the most attractive area for foreign investors in Vietnam, attracting US$23.6 billion, or 50.9 per cent of the country’s total FDI in the period, followed by the industry and construction sectors with US$22.5 billion, or 48.6 per cent.

 

Taiwan remained the leader among 38 countries and territories making direct investment in Vietnam in eight months with 112 projects valued at US$8.6 billion.

 

The runners-up were Japan with 78 projects worth US$7.2 billion, Malaysia with US$5.07 billion, Brunei with US$4.3 billion and Canada with US$4.2 billion.

 

Southern Ba Ria-Vung Tau province took the lead among provinces and cities in pulling in FDI so far this year with 4 projects capitalized at US$9.3 billion. Following were Ho Chi Minh City, Ha Tinh and Thanh Hoa. (Youth, VietnamNet)