Vietnam’s FDI disbursement highest in five years
Breaking down the figure, $15.56 billion was disbursed in manufacturing and processing, $1.37 billion in the realty market, and $598.7 million in electricity, gas, steam, and air conditioning production and distribution, the National Statistics Office of Vietnam under the Ministry of Finance said on Monday.
Total registered foreign investment as of September 30 stood at $28.54 billion, up 15.2% year on year. This figure included newly registered capital, adjusted investment capital, and share purchases by foreign investors.
During the nine months, authorities granted licences to 2,926 new projects with a total registered capital of $12.39 billion. While the number of projects increased by 17.4% compared to the same period last year, registered capital declined by 8.6 %.
Meanwhile, adjusted capital for 1,092 projects surged 48% to $11.32 billion. Foreign investors also injected $4.84 billion through capital contributions and share purchases, up 35% from last year.
Geographically, Singapore was Vietnam’s leading investor, registering $3.43 billion. China followed with $2.88 billion, while Hong Kong invested $1.06 billion. Sweden emerged as a notable investor at $1 billion, alongside Japan ($918.4 million), Taiwan ($778.9 million ), and the South Korea ($565.2 million).
Source: VnExpress