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|Foreign investors showed somewhat less appetite for dealmaking in the first seven months of the year|
According to statistics published by the Foreign Investment Agency (FIA), Vietnam lured in $20.2 billion in foreign investment capital, down 13.4 per cent against the corresponding period last year. Foreign direct investment (FDI) projects disbursed an estimated $10.55 billion in the first seven months of the year, up 6.63 per cent on-year.
The country granted investment certificates to 2,064 new projects with the total newly registered capital of $8.27 billion, down 37.4 per cent on-year.
There were 791 instances of added capital registration with the total additionally registered capital of $3.4 billion, a decrease of 30.4 per cent on-year.
Regarding capital contributions and share purchases, the country saw 4,387 such deals by foreign investors with the total value reaching $8.52 billion, up 77.8 per cent on-year.
In the first seven months of 2019, 19 fields received investment from foreign investors, with the processing and manufacturing sector taking the lead with $14.46 billion, accounting for 71.5 per cent of the total registered investment capital. Real estate business ranked second with $1.47 billion, accounting for 7.3 per cent. Wholesale and retail ranked third with the total registered investment capital of $1.09 billion, capturing 5.4 per cent.
65 countries and territories have investment projects in Vietnam. China ranked first in terms of newly-registered capital with the total capital of $1.78 billion, while South Korea ranked second with $1.47 billion. Japan ranked third with $1.12 billion.
48 cities and provinces received FDI. Binh Duong attracted the most with the total newly-registered capital of more than $766 million, capturing 9.3 per cent of the country total. Ho Chi Minh City ranked second with more than $688 billion, accounting for 8.3 per cent. Tay Ninh ranked third with over $599 million, or 7.25 per cent.