Actual FDI in Vietnam Touches $8.55 Billion in 7 Months

Tuan Minh

09:53 27/07/2016

BizLIVE - Disbursement of foreign direct investment in Vietnam reached $8.55 billion in the first seven months of this year.

Actual FDI in Vietnam Touches $8.55 Billion in 7 Months

Workers assemble motorbikes at a Honda plant in Vietnam. (Photo: baodautu.vn)

Actual foreign direct investment (FDI) in Vietnam reached $8.55 billion in the first seven months of this year, representing a year-on-year increase of 15.5%, according to data of the Ministry of Planning and Investment (MPI).
FDI pledges outpaced in the period with a growth rate of 46.9%, hitting $12.94 billion.
Of the amount, fresh capital approvals for 1,408 projects increased 25.5% to $8.7 billion and 660 existing projects had their capital added by $4.24 billion, up 125.7%.
The manufacturing and processing sector continued to take the lead when attracting $9.12 billion, followed by real estate, science and technology, and water supply and waste water treatment.
Foreign-invested enterprises operating in the country raked in $68.9 billion from imports, with crude oil included, in the seven-month period, rising 6.5% from a year earlier.
Their imports, meanwhile, declined 2.4% to $55.4 billion. As a result, overseas firms booked a trade surplus of $13.5 billion in the period.
Overseas investment plays a crucial role in Vietnam’s economic boom over the past few years and is an important source of foreign exchange for the country, besides ODA and remittances.

 

TUAN MINH

Từ khóa: FDI, ODA, Honda