Nearly $ 22 billion in FDI into Vietnam, South Korea leads

HANOI, July 31 (Engineering Daily) -- According to data from the Foreign Investment Agency (Ministry of Planning and Investment), in the first 7 months of 2017, the total foreign investment capital is 21.93 billion USD, up 52% over the same period in 2016.

Of these, the new registered capital is $ 12.92 billion, up 48.7% over the same period; Added capital is 5.87 billion, up 38.5% over the same period. The amount of capital that investors spend to contribute capital and buy shares in enterprises in Vietnam is $ 3.12 billion, up 109.7% over the same period 2016.

Recent trend is that more and more foreign investors invest in Vietnam through capital contribution and share purchase. An increase of over 109% indicates that.

Data from the Foreign Investment Agency also showed that by July 20, 2017, foreign direct investment projects was disbursed $ 9.05 billion, up 5.8% over the same period of 2016. The rate of increase of FDI capital disbursement is gradually improving compared to the first months of the year.

In the past seven months, foreign investors have invested in 18 industries and sectors, of which the processing and manufacturing sector has attracted the attention of foreign investors, with total capital $ 10.83 billion, accounting for 49.4% of the total registered capital. Power production and distribution sector has ranked second with total investment of $ 5.25 billion, accounting for 23.98% of total investment. Third is mining with total registered capital of $ 1.28 billion, accounting for 5.86% of the total registered capital.

Meanwhile, South Korea ranked first with a total investment of $ 5.62 billion, accounting for 25.63% of total investment. Japan ranked second with total registered capital of $ 5.46 billion, accounting for 24.92% of total investment in Vietnam. Thus, after a month in the first rank, Japan has relinquished Korea the leading position in the list of countries and territories with large investments in Vietnam.

In terms of localities, Thanh Hoa is the most attractive province with the total registered capital of $ 3.06 billion, accounting for 13.9% of total investment. Bac Ninh ranked second with a total registered capital of $ 2.95 billion, accounting for 13.48% of total investment. Nam Dinh ranked third with a total registered capital of $ 2.2 billion, accounting for 10% of total investment.