$1.61b FDI capital poured into real estate in Jan-Jul

Basing on reports of localities, Overseas Investment Department under the Ministry of Planning and Investment said that in the first seven months of this year, registered FDI (foreign direct investment) capital in Vietnam reached $8.03 billion, equalling to 66.9 percent from the same period last year.

Of which, as of July 20, 2012, the country had 584 licensed FDI projects worth $5.2 billion, equalling to 55.9 percent year-on-year. At the same time, 231 ongoing FDI projects registered to add investment capital by $2.83 billion, rising 5.2 percent on year.

Also in Jan-Jul, FDI capital disbursement was estimated at $6.25 billion, or 99.2 percent against the same period last year.

Manufacturing and processing industry sector attracted the most attention of foreign investors with 258 newly-registered projects valued at $5.5 billion, accounting for 68.5 percent of the pledged capital in Jan-July

Real estate sector ranked at the second place with seven newly registered projects worth $1.61 billion, accounting for 20.1 percent of the total investment capital, and followed by retail and wholesale sector and repairing with 102 projects for $314.2 million, accounting for 3.9%, transport, warehousing, healthcare and social assistance with $198.1 million and $83.8 million.

As of July 20, Binh Duong province attracted the biggest FDI capital with $1.8 billion, accounting for 27.6 percent of the total investment capital, and then Dong Nai province with $956.8 million (or 18.1%) and Hai Phong with $897.6 million of both newly registered and added capital.

Meanwhile, in the past seven months, as many as 49 countries and territories have invested in Vietnam, of which, Japan topped the list with $4.29 billion (accounting for 53.4 percent of the total FDI capital in Vietnam).

The export turnover of FDI firms (including crude oil) in Jan-July was estimated at $39 billion, rising 36.6 percent year-on-year and accounting for 62 percent of the country’s total export turnover. Meanwhile, the import spending by FDI firms till the end of July was $32.9 billion, rising 25.3 percent on year and making up 52.2 percent of the country’s total import value.

Totally, in Jan-Jul, FDI firms posted a trade surplus of $6.1 billion.

 

Category: Economy