Japan leads foreign investors in Vietnam in year’s first half
Japan overcame 86 countries and territories to become the largest foreign investor in Vietnam in the first six months of this year, with US$6.47 billion, or 31.8% of the total registered capital.
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Illustrative image (Source: VNA)
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Foreign investors invested a total of over US$20 billion in 1,366 new projects and 507 existing ones as well as in contributing capital and buying shares in domestic company in the reviewed period.
With US$5.06 billion, the Republic of Korea was Vietnam’s second biggest investor, followed by Singapore with US$2.39 billion.
During January-June, foreign investors poured their capital into 55 provinces and cities, in which Hanoi ranked first with US$5.87 billion. The capital city was followed by Ho Chi Minh City (US$3.68 billion), and Ba Ria-Vung Tau province (US$1.93 billion).
Manufacturing-processing industry continued to attract the most foreign direct investment (FDI) in Vietnam in the first half of 2018, with US$7.91 billion, accounting for 38.9% of the total registered capital.
It was followed by real estate, with US$5.54 billion, and the wholesale and retail sector with US$1.5 billion, making up 27.3% and 7.4% of the total, respectively.
To date, Vietnam has attracted nearly 26,000 projects with a registered capital of US$326 billion. Disbursement is estimated at US$180 billion.
Foreign investment accounts for 25% of the country’s total investments and contributes 20% of GDP. Last year, the sector contributed nearly US$8 billion to the State budget, 14.4% of total revenue.
At present, 58% of foreign investments focus on processing and manufacturing, generating half of industrial production value.
