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Nearly $45bil FDI registered into VN
Vietnam has attracted a record US$44.49 billion in Foreign Direct Investment (FDI) so far this year, a 5.4 fold increase over the same period last year.
According to the Ministry of Planning and Investment, 654 new foreign projects have entered the Southeast Asian country which enjoyed 167 projects worth $13.5 billion in July alone.
During the first seven months, 188 current projects registered to increase their capital by $788.6 million, meaning the combined figure of FDI inflows is over $45 billion.
There are currently 35 countries and territories investing in Viet Nam. Taiwan accounts for the most investments with 82 projects worth $8.4 billion, taking up 18.9% of total registered capital, followed by Japan and Malaysia.
Brunei has 14 projects capitalized at $4.3 billion, Canada 4 projects worth $4.2 billion and Singapore 48 projects valued at a little more than $4 billion.
Geographically, Ba Ria Vung Tau province in the south enjoys the highest investment value that accounts for 21% of total capital in the nation. Ho Chi Minh City stands second with 17.7% while Ha Noi takes up the ninth place with only 1.6%.
Recently-licensed major projects include the Son Duong Formosa steel complex and port in central Ha Tinh province, a $7.8 billion iron and steel project from Taiwan’s Formosa group, a $4.3-billion tourist complex in Phu Yen province and a $4.2-billion tourist resort in southern Ba Ria-Vung Tau.
Ho Chi Minh City earlier this month granted an investment license to Malaysia’s Berjaya Leijaya company to build a 925-ha international university township worth $3.5 billion, one of the biggest FDI projects so far in the country.
The southern hub has over the first seven months licensed 271 FDI projects worth more than $7.71 billion, 12 times higher year-on-year.
HCMC now has over 2,900 valid projects with a total capital of $24.91 billion.
VNN
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