Vietnam's FDI Disbursement in 2017 Reached a Record

Vietnam's FDI Disbursement in 2017 Reached a Record

For the first time, foreign direct investment (FDI) in Vietnam hit a record US$ 17.5 billion, up 10.8% against 2016.

Investment in Vietnam - The Foreign Investment Agency (Ministry of Planning and Investment) has just officially announced that disbursement of foreign investment capital has hit a record up to Devember 12, 2017. The figure is US$ 17.5 billion, up 10.8% over last year.

In previous years, FDI disbursed was only US$ 11-12 billion. Last year, it was considered as a record when US$ 15.8 billion of FDI disbursement was announced. This year, the figure is higher, indicating that Vietnam continues to be an attractive investment destination.

Meanwhile, in terms of registered capital, according to the figures from the Foreign Investment Agency showed that up to 12 November 2017, the total foreign investment capital in Vietnam, including newly registered capital, increased capital and capital contribution to buy share of foreign investors is US$ 35.88 billion, up 44.4% over the same period in 2016.

Of these, 2,591 new projects were granted investment registration certificates, with a total registered capital of US$ 21.27 billion, an increase of 42.3% over the same period of 2016. In addition, there were 1,188 projects registered to increase capital with a total to US$ 8.41 billion, an increase of 49.2% over the same period in 2016. There were 5,002 project of contribution capital, share purchase of foreign investors with a total capital contribution value of US$ 6.19 billion, up 45.1% over the same period of 2016.

Data from the Foreign Investment Agency also said that there are 115 countries and territories that have investment projects in Vietnam in 2017. Japan ranked first with total investment capital of US$ 9.11 billion, accounting for 25.4% of total investment capital; South Korea ranked second with total registered capital of US$ 8.49 billion, accounting for 23.7% of total investment in Vietnam; Singapore ranked third with a total registered investment capital of US$ 5.3 billion, accounting for 14.8% of total investment capital.

In 2017, it is recorded that many large-scale projects have been granted investment registration certificates. That explains why FDI into Vietnam has increased so rapidly.

Of these, there are three BOT projects in the power sector. These are the investment projects of construction: Nghi Son 2 BOT Thermal Power Plant, total investment capital of US$ 2.79 billion, invested by Japanese investors in Thanh Hoa, scale of 1,200 MW; BOT Van Phong 1 Thermal Power Plant project, total registered capital of US$ 2.58 billion invested by Japanese investors in Khanh Hoa with the capacity of 1,320 MW; and Nam Dinh 1 BOT Thermal Power Plant Project with total investment capital of US$ 2.07 billion invested by Singaporean investors in Thai Binh with the net capacity of 1,109.4 MW.

In addition, Samsung Display Vietnam project adjusted to increase investment capital of US$ 2.5 billion in Bac Ninh; Lot B - O Mon gas pipeline project, invested US$ 1.27 billion; and the Intelligent Complex Project at the functional area No. 2A in Thu Thiem New Urban Area, District 2, total registered capital of US$ 885.85 million.

/baodautu.vn/

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