FII into Vietnam in First Half of the Year Surges by 82.4%

Diep Nguyen

15:11 10/07/2018

BizLIVE -

In the first six months of the year, though the Vietnam stock market experienced many severely unfavorable ups and downs, total foreign indirect investment (FII) into Vietnam surged by 82.4% to USD 4.1 billion.

FII into Vietnam in First Half of the Year Surges by 82.4%
According to General Statistics Office of Vietnam, from the beginning of this year until June 20th 2018, total foreign direct investment (FDI) into Vietnam including the newly registred capital and added capital reaches USD16.2 billion, a decrease of 4.4% year-on-year. 
The newly registered FDI capital reaches US$11.8 billion, an increase of 0.3% year-on-year; the added FDI capital is US$ 4.43 billion, a decrease of 13.8% year-on-year.
In the total of more than 5 billion dollars newly registered capital into the real estate sector, the Hanoi smart city project in Dong Anh, Hanoi of the Japanese investor with the total investment capital of US$ 4.1 billion plays an important role to help the total FDI to have the growth rate of 0.3%.
If that were not for this huge project, the total FDI attractment would have plunged by 35.2% year on year, mainly in the manufacturing; electricity, gas, water distribution; processing; agriculture; forestry and fishery. 
Though the newly registered FDI drastically fell down, there is still good sign that the FDI disbursement in the first half of the year is estimated to be at US$ 8.37 billion, an increase of 8.4% year-on-year.
Most outstandingly, Vietnam still attracts foreign investment capital. In the first half of the year, though the Vietnam stock market experienced many severely unfavorable ups and downs, total foreign indirect investment (FII) into Vietnam surged by 82.4% to US$ 4.1 billion.
This is also the third period that the FII disbursement gets the high year-on-year growth. 

DIEP NGUYEN