FDI inflows record high in the first nine months

FDI attraction in the first 9 months of 2017 has exceeded 2016 ...

In the first nine months of 2017, the total registered FDI in Vietnam reached a record level of $ 25.48 billion.

According to the latest report of the Foreign Investment Agency (the Ministry of Planning and Investment), in the first nine months of 2017, the total registered FDI in Vietnam reached a record level of 25.48 billion, up 34.3% over the same period in 2016; Of which FDI disbursed suddenly increased sharply to $ 12.5 billion, up 13.4%.

Specifically, as of 20/9/2017, over the same period in 2016, the country has 1,844 new projects were granted investment certificates with a total registered capital of $ 14.56 billion, up 30.4% The 878 projects registered to adjust capital investment with total registered capital increased 6.75 billion USD, up 28.3%. At the same time, there were 3,742 capital contributions, shares of foreign investors with a total capital contribution of $ 4.16 billion, up 64%.


"Magnet" attracts FDI

Generally, in nine months of 2017, the total registered capital of new, increased and contributed capital to buy shares of foreign investors has reached 25.48 billion USD, up 34.3% over the same period in 2016. Remarkably, this number has risen much higher ($ 1.108 billion) than the result of last year. In 2016, the total registered capital of new projects, supplementary capital and investment in the form of capital contribution and share purchase reached USD 24.372 billion, an increase of 7.1% compared to 2015.

With FDI continuing to flow into Vietnam for many years and especially in the first 9 months of 2017, Vietnam remains the preferred choice for foreign investors with economic prospects better than some countries in the region.

In particular, 2017 is the fourth consecutive years the Government issued Resolution 19 on improving the business environment, enhancing national competitiveness with many new and different points derived from the Government's requirements. with stronger improvements. At the same time, Vietnam has entered into a series of bilateral and multilateral free trade agreements which will also increase the attractiveness of foreign investors.

This has been clearly demonstrated through the import and export activities of the FDI sector. Specifically, in the first nine months of 2017, FDI (including crude oil) exports reached $ 110.8 billion, up 21% over the same period of 2016 and accounted for 71.9% of exports. Imports of this sector during the same period reached $ 93.2 billion, up 26.1% over the same period in 2016 and accounted for 60.3% of imports. In the first nine months of 2017, FDI surplus reached $17.63 billion (including crude oil).

Looking at the figures above can be seen, the FDI sector has always been an important source for economic growth in Vietnam. However, according to some experts, Vietnam's economic growth is still heavily dependent on external forces, mainly concentrated in a number of large multinational corporations. unstable, unsustainable.

It is worth mentioning, although the FDI sector enjoys many incentives, almost the current domestic economy does not exploit many advantages of this area, especially in the technology transfer, this is considered the most important goal of attracting FDI.

FDI is present in all 63 provinces

According to the Foreign Investment Agency, in the first nine months of 2017, 108 countries and territories have invested in Vietnam. South Korea ranks first with total investment capital of $6.31 billion, accounting for 24.7% of total investment; Japan ranked second with total registered capital of 5.91 billion USD, accounting for 23.17% of total investment in Vietnam; Singapore ranked third with total registered capital of $ 4.14 billion, accounting for 16.2% of total investment capital.

Thus, if the project is still valid until 20/9/2017, in Vietnam there have been 126 countries and territories investing in Vietnam, with a total registered investment of more than 310,190 billion USD. Of which, the lead was South Korea with a total registered capital of 55.8 billion USD, accounting for nearly 18% of total investment; Japan ranked second with $ 46.1 billion, accounting for 14.8% of total investment; followed by Singapore, Taiwan, British Virgin Islands, Hong Kong, Malaysia, China ...

According to the investment field, in the first nine months of 2017, foreign investors invested in 18 industries / sectors, of which processing and manufacturing continued to attract much interest from foreign investors, with a total capital of $12.64 billion, accounting for 49.6% of the total registered capital.

In the area of investment, in the first nine months of 2017, foreign investors have invested in 59 provinces and cities, of which HCMC is the province with the largest FDI capital with a total registered capital of 3.74 billion, accounting for 14.6% of total investment.

Thanh Hoa ranked second with total registered capital of 3.15 billion USD, accounting for 12.4%. Bac Ninh ranked third with $ 3.14 billion, accounting for 12.3% of total investment. As of September 20, 2017, foreign investors have been present in all 63 provinces and cities.

(Source:vneconomy.vn)