Monday, February 26, 2024 12:28:14 AM - Markets open
VN-INDEX 1,212.00 -15.31/-1.25%
HNX-INDEX 231.08 -2.93/-1.25%
UPCOM-INDEX 90.16 -0.41/-0.45%
Foreign investment flows into Việt Nam go up 14.8 per cent in 11 months
Vietnam News - 11/30/2023 2:07:36 PM
 (0 ratings. You must sign in to rate.)
Nearly US$28.85 billion in foreign investment (FDI) was registered as of November 20, rising 14.8 per cent year on year, reported the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.
 
According to the FIA, foreign investors have invested in 56 provinces and cities during the 11 months of this year.
 
Of the total, $20.25 billion was disbursed in the 11 months, the highest since 2018.
 
The FIA attributed the increase in the FDI disbursement to the support from the Government and the Prime Minister, as well as the close coordination between ministries, agencies, and localities in removing obstacles to the operation of businesses.
 
The northern province of Quảng Ninh remains the biggest destination for FDI with nearly $3.11 billion, up 42.3 per cent from the period last year.
 
It is followed by HCM City with over $3.08 billion, Hải Phòng City $2.8 billion, Bắc Giang Province $2.7 billion, and Hà Nội $2.6 billion.
 
HCM City, accounting for 10.7 per cent of the total foreign investment, takes the lead in number of new projects (38 per cent), those with additional capital (25.3 per cent), and capital contributions to or purchases of shares at domestic companies (66.6 per cent), statistics show.
 
As of November 20, there were 38,844 valid FDI projects worth almost $462.4 billion in total across Việt Nam.
 
Nearly $294.2 billion of the projects’ registered capital was disbursed, equivalent to 63.6 per cent, according to FIA.
 
In terms of investment partners, 110 countries and territories have invested in Việt Nam in 11 months this year.
 
Of which, Singapore leads with a total investment capital of nearly $5.15 billion, accounting for more than 17.8 per cent of total investment capital, down 10.9 per cent from the same period last year.
 
Hong Kong (China) ranks second with more than $4.33 billion, accounting for 15 per cent of total investment capital, more than 2.2 times higher year-on-year.
 
South Korea ranked third with a total registered investment capital of more than $4.17 billion, accounting for nearly 14.5 per cent of total investment capital, a slight increase of 1.2 per cent over the same period last year.
 
China ranked fourth with $3.96 billion, and in fifth place was Japan with $3.1 billion.
 
Japan's total FDI capital into Việt Nam since the reform period has always remained in the group of leading countries.
 
Specifically, the total accumulated valid investment capital by the end of last year is nearly $69.2 billion, ranking third after South Korea and Singapore.
 
With Việt Nam and Japan having just become comprehensive strategic partners, it is possible that FDI capital from Japan will increase significantly in the near future.
 
In terms of investment, foreign investors have invested in 19 out of 21 industries; the processing and manufacturing industry accounts for the highest proportion with more than $280.5 billion, making up 60.7 per cent of total investment capital.
 
In the next position is the real estate business with more than $67.6 billion, accounting for 14.6 per cent of total investment capital; followed by electricity production and distribution with nearly $38.6 billion, accounting for 8.3 per cent. — VNS
 
Read original article here
Newer News
23/02 Petrol prices drop by over VNĐ300 per litre
23/02 Việt Nam is among the world’s top wealth growth in the next decade
21/02 Optimistic signs seen in exports of garment-textile sector
16/02 Construction industry strives to achieve sustainable, eco-friendly growth
16/02 Petrol prices rise by over VNĐ700 per litre
16/02 Cement industry expected to bounce back in 2024
29/12 Hanoi’s economy expands 6.27% in 2023
27/12 MoIT to start reviewing anti-dumping measures on Chinese steel
27/12 PM calls for efforts to ensure power supply
27/12 Việt Nam aims to increase export turnover by 6% by 2024
Older News
30/11 November’s CPI grows 3.45 per cent
30/11 Vietnamese export goods face increasing trade defence measures in CPTPP markets
30/11 Local companies as buyers, a positive sign for M&A market: forum
28/11 PM asks central bank to ensure sufficient credit flow for the economy
28/11 Quảng Ninh speeds up disbursement of public investment capital
25/11 German firms consider Việt Nam potential destination: survey
22/11 Việt Nam's digital economy to reach $45 billion by 2025
22/11 Hải Phòng speeds up cooperation with US port authority
22/11 Sugar prices to surge towards the end of the year: VSSA
21/11 Petrovietnam masters offshore renewable energy technology
 
Newsletter Signup
Top Stories
VN-Index fails to sustain upward momentum despite multiple attempts
Market remains upbeat on large-cap stocks
Central bank pushes others to boost lending from start of New Year
Domestic gold prices hit record-breaking VNĐ80 million per tael
Market steady due to low risk appetite
Market Update
Last updated at 3:05:01 PM
VN-INDEX 1,212.00 -15.31/-1.25%
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.