A significant increase in FDI registered capital in Vietnam
According to a report of the Vietnam Ministry of Planning and Investment (MPI), FDI in Vietnam in the first 5 months of 2019 reached a record in terms of the registered investment capital over the same period within the last 5 years. FDI disbursement is estimated at 7.3 billion USD, up by 7.8% over the same period in 2018.
FDI has set a new peak
Statistics from MPI show that, as of May 20, 2019, the total newly registered and increased capital contribution from foreign investors is 16.74 billion USD, up by 69.1% as compared to the same period in 2018. As a result of this, Vietnam achieved a record for the first 5-month registered investment value within the last 4 years (The figures for 2016, 2017 and 2018 were 10.1 billion USD, 12.1 billion USD, 9.9 billion USD respectively).
In the first 5 months of 2019, Vietnam had 1,363 new projects that were granted Investment Registration Certificates with a total new registered capital of 6.46 billion USD, up by 38.7% over the same period in 2018. On the other hand, 505 projects were registered to adjust investment capital with total increased registered capital of 2.63 billion USD, marking an increase of 5.5% over the same period in 2018.
According to a report conducted by the Foreign Investment Agency, foreign investors have invested in 19 sectors of Vietnam industries, of which the most concentrated sector is in the processing and manufacturing industry with a total registered capital of 12 billion USD, accounting for 71.8% of the total registered investment capital. Real estate business ranked second with a total investment of 1.1 billion USD, accounting for 8.2% of the total registered investment capital. Wholesale and retail sectors ranked third with a total registered investment capital of 864 million USD.
Among the countries that invested in Vietnam, Hong Kong took the lead with a total investment of 5.08 billion USD, accounting for 30.4% of the total investment capital.
Hanoi leads in attracting FDI
In terms of investment location, in the first 5 months of 2019, Hanoi attracted the most foreign investment with a total registered capital of over 4.79 billion USD, accounting for 28.6% of the total investment capital.
In order to complete the plan to attract FDI in 2019, Hanoi continues to boost promotion by reviewing land fund to attract big projects; assigning the Department of Planning and Investment to each officer to monitor and support investors to complete investment procedures in time. The city also conducts on-site investment promotion through conferences, meetings, exchanges with investors in order to resolve difficulties from the investors and promote business investment expansion.