FDI registration hits record high in Q1

09:19 | 27/03/2019
Total Q1 registered FDI has reached a record high of over US$ 10 billion over the last three years, the Foreign Investment Agency under the Ministry of Planning and Investment (MoPI) reported. 
fdi registration hits record high in q1
FDI registration hits record high in Q1

As of March 20, total FDI attracted valued US$ 10.8 billion, representing a year-on-year growth of 86.2 percent.

Specifically, 785 FDI projects got business licenses worth US$ 3.82 billion, up 80.1 percent against the same period last year.

Meanwhile, 279 projects got additional capital of nearly US$ 1.3 billion, accounting for 72.5 percent against 2018.

In Q1, foreign investors poured US$ 5.68 billion in buying stocks, up nearly three times against the same period in 2018.

The amount of FDI disbursement reached US$ 4.12 billion, up 6.2 percent against the same period last year.

Including crude oil, the FDI sector earned US$ 41.45 billion of export turnover, representing a year-on-year growth of 2.7 percent, accounting for 70.8 percent of national export turnover.

On the other hand, the FDI sector imported US$ 33.88 billion of goods, up 6% against the same period last year, making up 58.4 percent of import turnover.

In Q1, the FDI sector ran a trade surplus of US$ 7.57 billion including crude oil and US$ 7.06 billion excluding crude oil.

Foreign investors engaged in 18 sectors, chiefly the processing and manufacturing sector with US$ 8.4 billion, accounting for 77.7 percent of total registered capital.

Real estate ranked second with US$ 778.2 million (or 7.2 percent of total registered capital). Science and technology followed with US$ 383.2 billion (US$ 3.5 percent of total registered capital).

In the reviewed period, Hong Kong was the largest FDI provider with US$ 4.4 billion, accounting 40.7 percent of total investment; followed by Singapore with US$ 1.43 billion; the Republic of Korea with US$ 1.3 billion.

The Capital City of Hanoi was the largest FDI recipient by luring over US$ 4.15 billion and accounting 38.4 percent of total investment.

VGP

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