Foreign investment inflows in nine months up 3.1 per cent

17:58 | 01/10/2019
Within the first three quarters of 2019, the total foreign investment capital in Vietnam reached $26.16 billion, $10.1 billion of which were poured in industrial parks and economic zones.
foreign investment inflows in nine months up 31 per cent
The foreign investment picture was a mixed bag in the first three quarters, with an overall increase in total capital inflows

According to statistics published by the Ministry of Planning and Investment, as of September 20, total newly-registered and added capital, as well as capital contributions and share purchases by foreign investors was $26.16 billion, up 3.1 per cent compared to the same period in 2018. $14.2 billion of this was disbursed, up 7.3 per cent on-year.

Notably, the whole country had 2,759 newly-registered projects with the total investment capital of $10.9 billion, up 26.4 per cent in number but down 22.3 per cent in capital value against the same period in 2018.

Besides, there were 1,037 instances of capital adjustment with a total of $4.7 billion, down 13.6 per cent on-year.

Regarding capital contributions and share purchases, in the first nine months of 2019, the entire country saw 6,502 such transactions by foreign investors. The total value of capital contributions was $10.4 billion, increasing 82.3 per cent compared to the same period in 2018.

In the first nine months of 2019, 19 fields received investments from foreign investors, who mostly focused on the processing and manufacturing sector with the total capital of $18.09 billion, accounting for 69.1 per cent of the total registered investment capital. Real estate business ranked second with $2.77 billion (10.6 per cent). Wholesale and retail ranked third with $1.19 billion, capturing 5.4 per cent.

109 countries and territories have investment projects in Vietnam at the moment. Hong Kong ranked first with the total investment capital of $5.89 billion (including $3.85 billion of shares purchased in Vietnam Beverage Co., Ltd. in Hanoi), making up 65.4 per cent of the total investment capital. Korea ranked second with $4.62 billion, accounting for 17.7 per cent of the total. Singapore ranked third with $3.77 billion, capturing 14.4 per cent. Japan overcame China to rank fourth with $3.067 billion.

56 cities and provinces were invested by foreign investors, with Hanoi attracting the most with a total registered $6.15 billion, capturing 23.5 per cent of the total capital. Ho Chi Minh City ranked second with $4.52 billion, accounting for 17.3 per cent, while Duong ranked third with $2.52 billion, accounting for 9.6 per cent.

Some large projects from the first nine months of 2019 are:

- Capital contribution and share purchase project of Beerco Limited (Hong Kong) in Vietnam Beverage Co., Ltd., with the total capital contribution of $3.85 billion, with the main goal of producing beer and malt for brewing beer in Hanoi.

- ACTR's all-steel radian tire manufacturing project with a total registered investment capital of $280 million, invested by Chinese investors in Tay Ninh to produce TBR all-steel tires.

- Electronic equipment, network equipment, and multimedia audio products manufacturing factory with the total registered capital of $260 million, invested by Goertek (Hong Kong) Co., Ltd. in Bac Ninh.

- Hoa Hoi solar power plant in Phu Yen, with the total registered capital of $216.7 million, invested by Thai investors in Phu Yen to produce solar energy.

- Vietnam’s Advance Tire Co., Ltd., with the total registered capital of $214.4 million, invested by Guizhou Advance Type Investment Co., Ltd. (China) to produce and consume tires, rubber, and related products in Tien Giang.

- Vinhtex project with the total registered investment capital of $200 million, invested by Royal Pagoda Plc. (Singapore) to produce fabric and dyeing knitting fabric in Nghe An.

By Kim Oanh

Based on MasterCMS Ultimate Edition Ver 2.8 2018