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APEC economic members contributing FDI investment in Vietnam

The Hanoitimes – After 10 months, foreign direct investment (FDI) to Vietnam has been disbursed at 14.2 billion USD, up 11.8% compared to the same period of last year. As such, Asian Pacific Economic Corporation (APEC)’s economic members have contributed to more than 3/4 of total investment in Vietnam.
According to Foreign Investment Agency, as of October 20, Vietnam has 2,070 new approved projects with total registered capital of 16.3 billion USD, up 32.9% compared to the same period of 2016; 1,001 project adjusted capital with the additional registered capital of 7.27 billion USD, up 35.9% compared to the same period of 2016, and 4,156 requests for buying shares and investment from foreign investors with total amount of 4.67 billion USD, up 58.8% compared to the same period of last year. 

In overall for 10 months of 2017, total registered capital from new projects, additional investment and buying shares from foreign investors is 28.24 billion USD, up 37.4% compared to the same period of last year. The field of industrial processing and manufacturing is attracting the most attention from foreign investors with total investment of 13.75 billion USD, contributing to 48.7% of total registered capital in the first 10 months of 2017.

The field of manufacturing and allocating electricity is in second rank in total investment with 5.63 billion USD, contributing to 19.9% of total registered capital. In the third place is real estate with registered capital of 2.04 billion USD, contributing to 7.2% of total registered capital. As such, APEC’s economic members have contributed to more than 3/4 of total investment in Vietnam, and this has laid the momentum for future development. Korea is the leading investor in Vietnam with total investment of 7.62 billion USD, contributing to 27% of total investment; Japan stands at 2nd place with total investment of 6.07 billion USD, contributing to 21.5% of total investment in Vietnam; Singapore in third place with total investment of 4.59 billion USD, contributing to 16.3% of total investment. Ho Chi Minh city currently attracts the most FDI with total registered capital of 5.03 billion USD, contributing to 17.8% of total investment. Bac Ninh is in second place with 3.19 billion USD, contributing to 11.3% of total investment, Thanh Hoa is in third place with with 3.16 billion USD, contributing to 11.2% of total investment.

Some large scale projects have been approved in October as follow: Nghi Son 2 Thermal power plan with total investment of 2.79 billion USD from Japan in Thanh Hoa, the expected capacity of the power plan is 1,200 MW; Samsung Display Vietnam adjusting investment of 2.5 billion USD in Bac Ninh; Nam Dinh 1 thermal power plant with total investment of 2.07 billion USD from Singaporean investor with capacity of 1,109.4MW; Block B-O Mon project pipeline with total investment of 1.27 billion USD from joint venture of Japanese investor with PVN and PVGAS Vietnam in Kien Giang; Smart complex project in new urban area in Thu Thiem, Ho Chi Minh with total investment of 885.85 million USD from Korean investor; project of building facility of Polytex Far Eastern (Vietnam) invested by Taiwan investor in Binh Duong with additional fund of 485.8 million USD. 

With this being said, as of October 20, Vietnam has 24,397 ongoing projects with total registered capital of 312.91 billion USD. The accumulated investment fund from FDI project is 169.05 billion USD, which is equivalent to 54% of total valid registered capital. 

Source: http://hanoitimes.com.vn/economy/2017/11/81E0BA27/apec-economic-members-contributing-fdi-investment-in-vietnam/