FDI disbursement rises 5.9% in 10 months

Saturday, 2014-10-25 12:52:15
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The FDI sector boasts a trade surplus of US$13.8 billion in 10 months.
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NDO – 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. 

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.