Vietnam sees steady growth in foreign direct investment

Vietnam Sees Steady Growth In Foreign Direct Investment

Foreign direct investments (FDI) in Vietnam inched up by three per cent during the first 11 months of the year to $31.8 billion, according to data from the country’s Foreign Investment Agency, which operates under the Ministry of Planning and Investment.

Processing and manufacturing industries received the largest chunk of foreign direct investment pledges during the period, attracting $21.56 billion, or 67.8 per cent of total foreign direct investment commitments.

The biggest slices of foreign direct investment commitments came from Hong Kong ($6.69 billion), followed by South Korea ($5.73 billion), Singapore ($4.47 billion), Mainland China ($3.56 billion) and Japan ($3.33 billion).

In terms of actual foreign direct investment disbursements, Vietnam attracted $17.69 billion over the January-November period, a 7.2 per cent jump from the same period of 2018.

During that same period, foreign companies invested $11.24 billion in Vietnam through capital contributions and share purchases, a 47.1% surge from the year-ago period.

Hanoi received the largest chunk of FDI

Vietnam’s capital, Hanoi, was the largest recipient of investments during the period with $6.82 billion, while Ho Chi Minh ranked the second with $5.48 billion. Provincial areas Binh Duong, Dong Nai and Bac Ninh shared for the rest.

However, Vietnam is also an active outbound investors. Vietnamese businesses invested $458.8 million in 31 foreign markets in the first 11 months of 2019, the Foreign Investment Agency said.

In the reviewed period, $353.8 million was invested in 148 new projects, while $105 million was added to 29 existing ones. Australia drew the highest amount of capital from Vietnam at $141.3 million, accounting for 30.8 per cent of the total, followed by the US, Spain and Cambodia.

Retail and wholesale was the most attractive sector for Vietnamese investors in 11 months, which attracted 25.8 per cent of the total capital the firms invested abroad. Agro-forestry-fisheries ranked second with a 14.3 per cent share, and IT came third with 13.1 per cent, according to the agency.

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Foreign direct investments (FDI) in Vietnam inched up by three per cent during the first 11 months of the year to $31.8 billion, according to data from the country’s Foreign Investment Agency, which operates under the Ministry of Planning and Investment. Processing and manufacturing industries received the largest chunk of foreign direct investment pledges during the period, attracting $21.56 billion, or 67.8 per cent of total foreign direct investment commitments. The biggest slices of foreign direct investment commitments came from Hong Kong ($6.69 billion), followed by South Korea ($5.73 billion), Singapore ($4.47 billion), Mainland China ($3.56 billion) and Japan ($3.33...

Vietnam Sees Steady Growth In Foreign Direct Investment

Foreign direct investments (FDI) in Vietnam inched up by three per cent during the first 11 months of the year to $31.8 billion, according to data from the country’s Foreign Investment Agency, which operates under the Ministry of Planning and Investment.

Processing and manufacturing industries received the largest chunk of foreign direct investment pledges during the period, attracting $21.56 billion, or 67.8 per cent of total foreign direct investment commitments.

The biggest slices of foreign direct investment commitments came from Hong Kong ($6.69 billion), followed by South Korea ($5.73 billion), Singapore ($4.47 billion), Mainland China ($3.56 billion) and Japan ($3.33 billion).

In terms of actual foreign direct investment disbursements, Vietnam attracted $17.69 billion over the January-November period, a 7.2 per cent jump from the same period of 2018.

During that same period, foreign companies invested $11.24 billion in Vietnam through capital contributions and share purchases, a 47.1% surge from the year-ago period.

Hanoi received the largest chunk of FDI

Vietnam’s capital, Hanoi, was the largest recipient of investments during the period with $6.82 billion, while Ho Chi Minh ranked the second with $5.48 billion. Provincial areas Binh Duong, Dong Nai and Bac Ninh shared for the rest.

However, Vietnam is also an active outbound investors. Vietnamese businesses invested $458.8 million in 31 foreign markets in the first 11 months of 2019, the Foreign Investment Agency said.

In the reviewed period, $353.8 million was invested in 148 new projects, while $105 million was added to 29 existing ones. Australia drew the highest amount of capital from Vietnam at $141.3 million, accounting for 30.8 per cent of the total, followed by the US, Spain and Cambodia.

Retail and wholesale was the most attractive sector for Vietnamese investors in 11 months, which attracted 25.8 per cent of the total capital the firms invested abroad. Agro-forestry-fisheries ranked second with a 14.3 per cent share, and IT came third with 13.1 per cent, according to the agency.

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