Sunday, December 15, 2019 2:59:18 PM - Markets open
VN-INDEX 966.18 -1.99/-0.21%
HNX-INDEX 102.94 +0.23/+0.22%
UPCOM-INDEX 55.73 +0.21/+0.39%
Vietnam attracts 31.8 billion USD in FDI in 11 months
VietnamPlus - 11/27/2019 1:21:00 PM
 (0 ratings. You must sign in to rate.)
Vietnam attracted 31.8 billion USD in foreign direct investment (FDI) in the first 11 months of 2019, up 3 percent year-on-year, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.
 
Of the figure, 14.68 billion USD was poured into 3,478 new projects, up 28 percent for the number of projects but down 7 percent in terms of capital.
 
Up to 5.87 billion USD was pledged to 1,256 existing projects, equivalent to 79.3 percent of the value from a year ago, but up 20 percent in the terms of the number of projects.
 
During the period, foreign firms invested 11.24 billion USD in Vietnam through capital contributions and share purchases, representing a yearly rise of 47.1 percent and accounting for 35.4 percent of the total registered capital.
 
The 11-month FDI disbursement reached an estimated 17.69 billion USD, surging 7.2 percent over the same period last year, the FIA said.
 
Notably, from January to November, the number of business delegations arriving in Vietnam to seek investment opportunities increased by 30 percent compared to last year’s corresponding period. Most of them came from Japan, the Republic of Korea, mainland China, Hong Kong and Singapore.
 
Processing and manufacturing remained the most attractive sector to foreign investors during the 11 month period, drawing 21.56 billion USD, making up 67.8 percent of total FDI pledges. Property trading came second at 3.31 billion USD (10.4 percent of the total), followed by wholesale and retail and science and technology.  
 
Among the 117 countries and territories investing in Vietnam, Hong Kong retained its crown as the largest investor with 6.69 billion USD, making up 57 percent of the nation’s total FDI. It was followed by the Republic of Korea with 5.73 billion USD (18 percent) and Singapore with 4.47 billion USD (14 percent). The country’s other sources of FDI were mainland China and Japan.
 
The capital city of Hanoi was the largest FDI recipient during the period with 6.82 billion USD, accounting for 21.5 percent of the total. HCM City ranked second with 5.48 billion USD (17.2 percent), followed by the southern provinces of Binh Duong and Dong Nai and the northern province of Bac Ninh.
 
According to the FIA, the foreign-invested sector earned nearly 166.7 billion USD from exports in the reviewed period, 4 percent higher than the same period last year or equivalent to 69 percent of the country’s total export value.
 
The sector spent 134.1 billion USD on imports, up 3 percent year-on-year, resulting in a trade surplus of nearly 32.6 billion USD.  
 
As of November 20, the country was home to more than 30,470 valid foreign-invested projects with total registered capital of 360.69 billion USD. Nearly 60 percent of the FDI pledges had been disbursed./.   
VNA
 
Read original article here
 
Newer News
14/12 Việt Nam’s fruit and vegetable export value falls in 11 months
12/12 Vietnam facilitates trade with Russian firms: Deputy PM
06/12 Tra fish exports to Russia slump
03/12 Vietnam’s economy stays positive amid global growth slowdown: PM
01/12 E-commerce helps develop logistics property sector
Older News
24/11 World Trade Centre to be built in Bình Dương New City
22/11 Vietnamese economy forecast to grow 7 percent during 2021-2025
20/11 Software firms are adding more value to their products
18/11 Steel products experience slow consumption in October
17/11 Household businesses to be regulated: NA deputies
16/11 Steel products experience slow consumption in October
13/11 Vietnam urged to promote circular economy
11/11 Vietnam’s exports estimated at 217.05 bln USD in 10 months
09/11 Livestock exports expected to fetch US$1.2 billion this year
07/11 Vietnam’s export tunover surges 7.4 percent in 10 months
 
Newsletter Signup
Top Stories
Vietnam facilitates trade with Russian firms: Deputy PM
Reference exchange rate down 4 VND on December 10
Reference exchange rate down 3 VND on December 6
Vietnam’s economy stays positive amid global growth slowdown: PM
Vietnam attracts 31.8 billion USD in FDI in 11 months
Market Update
Last updated at 3:10:01 PM
VN-INDEX 966.18 -1.99/-0.21%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.