China leads in the number of new investment projects in Vietnam.
Báo Thanh niên•04/10/2024
The above figures have just been stated by the Ministry of Planning and Investment in a report on foreign direct investment (FDI) attraction, as of the end of September this year.
As of September 30, there were 98 countries and territories investing in Vietnam. Of which, Singapore leads with a total investment capital of more than 7.35 billion USD, accounting for nearly 29.7% of the total investment capital, up 69% over the same period last year. China ranks second with more than 3.2 billion USD, accounting for 13% of the total investment capital, down 4.5% over the same period. Followed by South Korea, Hong Kong, Japan... Notably, in terms of the number of projects, China is the leading partner in the number of new investment projects, accounting for 29.3%; South Korea leads in the number of capital adjustments, accounting for 23.9%. and capital contribution and share purchase accounted for 25.6%. The report of the Ministry of Planning and Investment also showed that the total FDI capital in the first 9 months reached 24.78 billion USD, up 11.6% over the same period. Of which, 2,492 new projects were registered (down 4.3%), the total registered capital was over 13.55 billion USD (up 11.3%); 1,027 projects had capital adjustments (up 7.3%), the total registered capital increased to over 7.64 billion USD (up 48.1%); capital contribution and share purchase had 2,471 transactions (down 6.5%), the total value of capital contribution reached nearly 3.59 billion USD (down 26.2%).
Foreign investment increased sharply in the past 9 months
PHOTO: NHAT THINH
In the first 9 months, foreign investors invested in 18 out of 21 sectors of the national economy. Of which, the processing and manufacturing industry took the lead with a total investment capital of nearly 15.64 billion USD, accounting for nearly 63.1% of the total registered investment capital. The real estate business ranked second with a total investment capital of more than 4.38 billion USD, accounting for nearly 17.7% of the total registered investment capital, more than 2.2 times higher than the same period. Followed by the electricity production and distribution industries; wholesale and retail with a total registered capital of nearly 1.12 billion USD and more than 920 million USD, respectively... In terms of the number of projects, wholesale and retail is the leading industry in terms of the number of new projects, accounting for 35%, the number of capital contribution transactions to buy shares accounted for 41.7%. The processing and manufacturing industry took the lead in the highest number of capital contribution transactions to buy shares, accounting for 66.8%. Regarding localities attracting FDI, Bac Ninh leads with a total registered investment capital of more than 4.5 billion USD, accounting for 18.2% of the total investment capital of the country, 3.47 times higher than the same period. Next is Ho Chi Minh City with more than 1.91 billion USD, accounting for 7.7%, down 15.1% over the same period. Quang Ninh ranks third with a total registered investment capital of more than 1.81 billion USD, accounting for 7.3% of the total investment capital of the country. Next are Ba Ria - Vung Tau , Binh Duong, Hanoi... In addition, according to the Ministry of Planning and Investment, exports of the foreign investment sector in the first 9 months continued to increase over the same period. The FDI sector had a trade surplus of nearly 38 billion USD including crude oil and a trade surplus of more than 36.5 billion USD excluding crude oil, offsetting the trade deficit of nearly 18.2 billion USD of the domestic enterprise sector. FDI enterprises are the support that helped the whole country have a trade surplus of about 19.8 billion USD in the first 9 months. As of the end of September, it is estimated that foreign investment projects have disbursed more than 17.3 billion USD, an increase of 8.9% over the same period in 2023.
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