Brief report by the Foreign Investment Agency under the Ministry of Planning and Investment said that in the first eight months of this year, total newly-registered foreign investment capital, additional investment capital, capital contribution and purchase of shares reached $22.6 billion, down nearly 7 percent over the same period last year. There were 2,406 newly-licensed projects, 908 projects asking to increase investment capital and 5,235 turns of capital contribution and purchase of shares across the country.
Of which, newly-registered FDI capital attained US$9.1 billion, a sharp decline of 32 percent; additional capital was $3.9 billion, a drop of 28.6 percent. However, capital contribution and purchase of shares saw a strong increase of 82 percent over last year to $9.5 billion.
In the first eight months of this year, it is estimated that FDI projects have disbursed $12 billion, up 7.1 percent over the same period last year.
As for import-export of foreign-invested sector, export turnover including crude oil in the first eight months of this year reached $117.9 billion, slightly increased over the same period last year. If excluding crude oil, export turnover was $116.5 billion. Meanwhile, import turnover of foreign-invested sector touched $96.1 billion, up 4.8 percent.
By August 20 this year, there were 132 countries and territories investing in Vietnam with 29,532 projects worth $353.7 billion. South Korea was the largest investor, followed by Japan, Singapore and Taiwan (China).
A few days ago, General Secretary, President of Vietnam Nguyen Phu Trong promulgated the Resolution No.50-NQ/TW of the Politburo on direction to complete regulations and policies to improve quality and effectiveness of foreign investment until 2030. Accordingly, the country aims to get around $150-$200 billion of registered foreign investment and $100-$150 billion of implemented capital in the period from 2021 to 2025.
