2017 - The breakthrough year in attracting investment capital

2017 - The breakthrough year in attracting investment capital

The assessment of the economy development from the beginning of the year to date shows that the result of attracting investment, including domestic and foreign capital, is very outstanding. This will be the entry chance for the economy in 2018.

Investment in Vietnam - According to the Business Registration Office (Ministry of Planning and Investment), in November, the country has nearly 11 thousand registered enterprises, with a total registered capital of 110 trillion. As a whole, in the past 11 months, the economy has received 140,394 enterprises, including newly established units and reactivate enterprises with total capital of VND 2.7 trillion.

Notably, the average capital of a newly established business reached nearly 10 billion, up over 24% over the same period last year.

Thus, from the beginning of the year to now witnessed the number of new enterprises put into operation higher than the same period last year. This fact is very important because these units will soon add new production capacity, boosting the business in the coming time, thereby help to increase GDP in terms of scale as well as growth rate.

Take advantage of foreign capital

Meanwhile, the past 11 months also saw the success in attracting foreign investment (FDI) of Vietnam. According to the Foreign Investment Department (the Ministry of Planning and Investment), the country has attracted more than US$ 33 billion in foreign capital, including new registered, increased capital and share purchase capital of foreign investors.

On the whole, the result shows an increase of 53.4% in terms of capital compared to the same period last year, viewed as a spectacular breakthrough - a success beyond forecast. According to the Ministry of Planning and Investment, the results of attracting foreign investment have increased continuously over the months; In particular, there have been some large projects, with the scale of capital from nearly US$ 1 billion to more than US$ 2 billion per project, mainly in the fields of energy and real estate.

It is forecasted that the attraction of this source will continue to be bright due to the positive effects from the APEC 2017 event. In addition, foreign investment projects disbursed US$ 16 billion, up 11.9% over the same period. This fact shows the trust, peace of mind and long-term desire of foreign investors in Vietnam.

Thus, both new registered capital and disbursed capital will increase strongly, will be the input to promote economic growth in the coming time. Hopefully, 2018 will continue to be the time series of breakthroughs, achieving high economic growth rate by mobilizing and promoting the effect of "internal and external" effective as in 2017.


Related news