FDI projects’ disbursement reaches $5.8b

18-Jun-2016 Intellasia | Vietstock | 6:00 AM Print This Post

As per information from Foreign Investment Agency under the Ministry of Planning and Investment (MOPI), generally, in January-May, the total newly registered and additional capital was $10.16 billion, up 136 percent year-on-year.

In terms of realised capital, as of May 20, 2016, it is estimated that foreign direct investment (FDI) projects disbursed $5.8 billion, up 17.2 percent year-on-year.

Exports of FDI sector (including crude oil) in the first five months of the year touched $48.26 billion, up 7.7 percent year-on-year and reckoned for 71 percent of the export turnover. Exports excluding crude oil in the first five months of 2016 hit $47.38 billion, up 10 percent year-on-year.

Imports of FDI sector in the first five months of 2016 reached $39.15 billion, equal to 98 percent year-on-year and made up 59 percent of the import turnover. generally, in January-May, the FDI sector ran the trade surplus of $9.1 billion.

Regarding the issuance of investment certificates, as per the data of the information system on foreign investment, as of May 20, 2016, the country had 907 new projects granted with investment licenses with total registered capital of $7.56 billion, up 156 percent year-on-year. There were 425 projects that registered to adjust investment with the total additional registered capital of $2.59 billion, up 93 percent year-on-year.

Generally, in January-May, the total newly registered and additional capital was $10.16 billion, up 136 percent year-on-year.

*Korea leads in total investment in Vietnam

Foreign investors invested in 19 sectors and fields in which manufacturing and processing sector attracted a lot of attention from foreign investors with 398 newly registered projects, the total newly registered and additional capital was $6.61 billion, accounting for 65 percent of the total registered investment in five months.

Information and communication ranked the second with 67 newly granted projects with the total newly granted and additional capital of $1.3 billion, representing nearly 13 percent of the total registered investment.

Real estate business ranked the third with $542.8 million, representing five percent of the total investment.

In January-May 2016, there were 60 countries and territories having investment projects in Vietnam. Korea leads with the total registered and additional capital of $3.42 billion, or 34 percent of the total investment in Vietnam. With a large project worth $1.2 billion, Luxembourg ranked the second and reckoned for 12 percent out of the total registered investment; Singapore ranked the third with the total newly granted and additional capital of $907 million, or nine percent of the total investment.

Hanoi attracted the most investment with 139 newly granted projects and 41 capital adjustment projects, with the total newly registered and additional capital of $1.96 billion, or 19 percent of the total investment. Hai Phong ranked the second with the total newly registered and additional capital of $1.71 billion, or 17 percent. Dong Nai followed with the total registered and additional capital of $921 million, or nine percent.

*Some big projects licensed in January-May 2016

- LG Display Hai Phong project, with the total registered investment of $1.5 billion, invested by LG Display Co., Ltd (Korea) with the objective of manufacturing and processing OLED plastics screen for mobile devices such as mobile phones, smart watches, tablets, etc.

- Vietnamobile Telecommunication JSC project, with the total registered investment of $1.24 billion, invested by Luxembourg investor with the target of implementing information and communication activities in Hanoi.

- Samsung Research and Development Centre project, with the total registered investment of $300 million, invested by Samsung Electronics Vietnam with electrical, electronics and hi-tech telecommunication products (CPC851) in Hanoi.

- The Korea – Tra Vinh wind power plant project (the second phase) with the total registered investment of $247 million targeted at producing power from wind energy to the national grid.

- The Midtown project with the total investment of $225 million invested by Cayman Islands to do real estate business in HCM City.

- Ocean Paper Mill Co., Ltd project invested by Taiwanese investor with the total investment of $220 million with the purpose of producing all kinds of paper including Duplex, Kcraf, household paper in Tien Giang.

- The investment project on procurement and operation of technical system, equipment, technology, software and computerised lottery business in Vietnam territory with the total investment of $210 million joint ventured between Berjaya corporation Berhad (Malaysia) and Vietnam Computerised Lottery Co., Ltd in Hanoi.

 


Category: Economy, Vietnam

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