New investment capital up 35%

Monday, 09/30/2013 07:00
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As of September 20, Vietnam had licensed 872 new investment projects with total registered capitalization of US$9.3 billion, up 34.9% from a year earlier.

It also approved 340 operational projects registering for a combined additional capital of US$5.7 billion, up 37.9%.

Overall, the country attracted US$15 billion worth of newly licensed and increased capital, a year-on-year rise of 36%, according to the Foreign Investment Agency, under the Ministry of Planning and Investment.

Processing and manufacturing topped the list of investment areas with 400 newly licensed projects, capitalized at nearly US$13 billion or 86.4% of the country’s total.

It was followed by the real estate sector (US$588.11 million) and the science and technology sector (US$380.59 million).

Among 48 foreign investors pouring capital into Vietnam, Japan took the lead with US$4.736 billion in newly registered and added capital. Singapore came in second with US$3.95 billion and the Republic of Korea tanked third with US$2.636 billion.

In the nine-month period, US$8.62 billion worth of foreign investment was disbursed, up 6.4% against the same period in 2012.

Foreign businesses earned US$63.949 billion from exports (including crude oil), showing a year-on-year increase of 22.4% and occupying 66.29% of the country’s total export value.

The Foreign Direct Investment (FDI) sector gained an export surplus of US$9.45 billion while the country ran a trade deficit of US$124 million.

Source : VOV Online

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