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FDI funds rose by 7.6%

In the past 8 months, estimately, FDI projects were disbursed $8.5 billion, increasing by 7.6% in comparison with the same period of 2014.

According to Foreign Investment Agency (Ministry of Planning and Investment), in 8 months of  the year 2015, total new FDI rgistered capital is $13.33 billion, increasing by 30.4% compared with the same period of 2014.

Specifically, there are 1,219 new projects granted investment certificates with total registered capital of $7.87 billion, increasing by 8.7% against the same period in 2014. In which, there are 389 projects registered to increase capital with total registered additional capital is 5.46 billion USD, increasing up to 82.8% compared with the same period in 2014.

In the past 8 months, foreign investors have invested into 17 sectors. In which, manufacturing and processing industries are sectors attracting the most interest with total newly registered and additional capital of $10.35 billion, accounting for 77.7% of total registered capital.

The second rank is the real estate sector with total investment newly registered and additional capital of $1.82 billion, accounting for 13.7% of total investment capital.

Next, the wholesale, retail and repair market with total newly registered and additional capital of $311.08 million.

Korean is a leading country on FDI capital in 8 months of year 2015 in Vietnam, with an amount of $5.26 billion, accounting for 39.5% of total investment in Vietnam.

The 2nd position is England with total registered capital of $1.25 billion, accounting for 9.39% of the total investment. In addition, British Virgin Islands ranks the 3rd position and reaches $973.6 million, accounting for 7.3% of the total investment.

In Bac Ninh, total investment of newly registered and additional capital are of $3.33 billion, representing 25% of total registered capital. The 2ndposition is Ho Chi Minh City with total newly registered and additional capital of $2.42 billion, accounting for 18.2%.

Especially, Dong Thap and Bac Lieu do not receive any FDI fund.

Several major projects were licensed in May 8, 2015 such as: Samsung Display Company Vietnam project (in Yen Phong Industrial Zone 1, Bac Ninh) with an increase in investment capital of $3 billion. This project was licensed in 2014 with the initial capital of $1 billion with the purpose of production, assembly, processing, marketing or sale of monitors.

De Vuong Joint Venture Company Ltd (invested in Ho Chi Minh City) with total investment capital of $1.2 billion implemented by Tien Phuoc real estate JSC and Tran Thai real estate Co. Ltd. Joining with the UK-based Denver Power Ltd.

Turkish investor has invested $660 million in Dong Nai Hyosung Co., Ltd project in Dong Nai Industrial Zone with the aim of producing and processing the fibers.

British Virgin Islands investor has invested $300 million in Worldon Co. Project (Vietnam) in Ho Chi Minh City with the goal of producing luxury garment products.

Source: VGP news