FDI disbursement rises 5.9% in 10 months

Disbursement of foreign direct investment (FDI) rose by 5.9% from the previous year to US$10.15 billion in the first 10 months of 2014, as announced by the Foreign Investment Department under the Ministry of Planning and Investment on October 24. 

The FDI sector boasts a trade surplus of US$13.8 billion in 10 months.
The FDI sector boasts a trade surplus of US$13.8 billion in 10 months.

Revenue of exports, including crude oil, by FDI enterprises reached almost US$82.48 billion, boasting a year-on-year increase of 13.6% and accounting for 67% of the country’s total.

The FDI sector’s imports were valued at US$68.66 billion, up 10.7% against 2013 and occupying 57% of the country’s total, thus resulting in a trade surplus of US$13.8 billion in the January-October period.

As of October 20, Vietnam licensed 1,306 new projects worth US$9.95 billion. Almost 470 existing projects registered to increase their capital by US$3.74 billion, raising the country’s 10-month FDI attraction to US$13.7 billion, slipping 28.8% against last year.

The processing and manufacturing industry attracted the most FDI in 10 months – US$9.7 billion – making up 70.8% of total investment pledges, followed by real estate and construction sectors.

Among 56 countries and territories investing in Vietnam this year, the Republic of Korea made the largest pledge of US$3.6 billion, while Singapore came second with US$2.64 billion. Hong Kong and Japan followed in third and fourth place respectively.

Ho Chi Minh City received the largest FDI share in the January-October period with US$2.85 billion, followed by Bac Ninh, Dong Nai, Binh Duong, Hai Phong and Hanoi.