LG Innotek increased capital by half a billion dollars, Korea continues to hold the top FDI in Vietnam

LG Innotek increased capital by half a billion dollars, Korea continues to hold the top FDI in Vietnam

The $500 million LG Innotek project has made an important contribution to helping Korea continue to be among the top foreign investors investing in Vietnam.

The $500 million LG Innotek project has made an important contribution to helping Korea continue to be among the top foreign investors investing in Vietnam.

The Foreign Investment Agency under the Ministry of Planning and Investment (MPI) has said that many foreign investment projects will continue to increase their investment capital in the first quarter of 2018.

Among these, notably the LG Innotek Hai Phong Factory Project, increased investment capital by $ 501 million; or the Regina Miracle International Vietnam Project, raised by $ 260 million.

In addition, there are Kefico Vietnam project, increased investment capital of 120 million USD; Project Vina Cell Technology, increased investment capital of $ 100 million ...

Thanks to LG Innotek's $ 2.5 billion capital increase project, South Korea continues to hold the top spot among countries and territories investing heavily in Vietnam. The figure in the first quarter of this year was $ 1.84 billion, accounting for 31.6% of total investment.

Meanwhile, Hong Kong ranked second, with $ 689 million, accounting for 11.9% of total investment in Vietnam; Singapore ranked third with a total registered capital of US $649 million, accounting for 11.2% of total investment.

On the other hand, according to the General Department of Foreign Investment, in the first quarter of 2018, total foreign capital registered to grant new capital, increase and contribute capital, purchase shares of foreign investors is $5,8 billion, equal to 75.2% over the same period in 2017.

Of which, the newly registered capital was USD 2.12 billion, equaling 72.7% of the same period of 2017; The increase was US $1.79 billion, equivalent to 45.4% over the same period in 2017. Foreign capital contribution through capital contribution and share purchase reached US $1.89 billion, an increase of 121.6% over the same period in 2017.

According to the Foreign Investment Agency, as of March 20, 2018, foreign direct investment projects disbursed $3.88 billion, an increase of 7.2% over the same period. 2017.

In the first quarter, exports of foreign investment (including crude oil) reached $39.34 billion, up 22.8% over the same period in 2017 and accounted for 72.4% of export turnover. Exports excluding crude oil reached $38.83 billion, up 24.2% over the same period of 2017 and accounted for 71.5% of export turnover.

Imports of foreign invested sector reached US $31.75 billion, up 13.7% over the same period in 2017 and accounted for nearly 59.9% of import turnover.

In general, the foreign investment sector surpassed $7.59 billion including crude oil and a trade surplus of $ 7.08 billion excluding crude oil.

 

According to baodautu.vn

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