Cumulative FDI on three-month downturn

Vietnam has seen a continuous decrease in cumulative foreign direct investment (FDI) capital compared to the same period last year, for the recent three months.

In particular, both newly-registered and added capital have been on a decrease in the cumulative statistics of 10 and 11 months of this year.

According to statistics published on November 24 by the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment, in the eleven months of this year so far, Vietnam’s newly-registered and expanded FDI reached $18.1 billion, decreasing 10.5 per cent compared to last year November’s figures.

Notably, foreign investors poured $13.01 billion into newly-registered projects and $5.07 billion into added capital, signifying a respective decrease of 3.9 and 23.9 per cent on-year.

In November, the FDI volume was $2.06 billion, signifying a decrease of 46.1 per cent on-year.

Meanwhile, in the three quarters of this year, Vietnam lured $16.43 billion in newly registered and expanded FDI, a 4.2 per cent contraction on-year.

In the first 10 months of this year, Vietnam’s newly-registered and expanded FDI reached $17.61 billion, 8.7 per cent less than last year. Statistics showed that between January and October, Vietnam licensed 2,061 newly-registered FDI projects, with the total value of $12.26 billion, and 967 expanded investment projects, altogether worth $5.35 billion. These figures make up 98.7 and 77.9 per cent of last year’s performance.

In general, in 11 months of this year, 68 countries and territories were involved in 19 sectors of the Vietnamese economy. The manufacturing and processing sector ranked first in attracting FDI, with a total of $13.41 billion in 907 newly-registered and 766 added-capital projects, equalling 74.1 per cent of the total FDI inflows to Vietnam. The runner-up was the property sector with the total newly-registered and added capital of $982.59 million.

South Korea finished as the biggest investor by putting in $5.29 billion, making up 29.2 per cent of the total FDI inflows to Vietnam. The runners-up are Singapore with $2.05 billion and Japan with $1.95 billion.

Haiphong has retained its first place with $2.74 billion in 80 newly-registered and expanded capital projects, making up 15.2 per cent of the country total. Binh Duong took over Hanoi as the second most attracting FDI destination, with an aggregate $1.95 billion.

By Ha Vy