Foreign Direct Investment into Vietnam Moves North Ward in the Past 3 Years

Diep Nguyen

16:27 26/03/2019

BizLIVE -

In 2018, Hanoi – the capital city surged to the first place of attracting capital. The capital city lured the lion share of FDI with $7.5 billion or 21.2 per cent of the total capital pledged in the country. 

Foreign Direct Investment into Vietnam Moves North Ward in the Past 3 Years

Photo: Bloomberg

Looking at the foreign investment trend over the past 4 years, there have been remarkable changes in terms of the investment area.
If in 2016, 2017, according to data from Foreign Investment Department (Ministry of Planning and Investment), Ho Chi Minh city ranks first in terms of capital attracted. In detail, in 2016, HCM City led cities and provinces nationwide in attracting FDI, absorbing $3.42 billion (14 per cent of the total). The northern port city of Hai Phong came next with $2.98 billion (12.26 per cent). Ha Noi, Binh Duong and Dong Nai followed with $2.79 billion, $2.36 billion and $2.23 billion, respectively.
This trend continued in 2017, Ho Chi Minh city still ranêd first. Ho Chi Minh City is the locality attracting the most foreign investment capital with a total registered capital of US$ 6.5 billion, 18.1% of total investment capital.
Bac Ninh ranked second with a total registered capital of US$ 3.4 billion, accounting for 9.5% of total investment capital. Thanh Hoa ranked third with total registered capital of US$ 3.17 billion, accounting for 8.8% of total investment capital.
However, until 2018, this trend changed. In 2018, Hanoi – the capital city surged to the first place of attracting capital. The capital city lured the lion share of FDI with $7.5 billion or 21.2 per cent of the total capital pledged in the country.  It was followed by the southern economic hub of HCM City with $5.9 billion or 17 per cent, and the northern port city of Hải Phòng with $3.1 billion, or 8.7 per cent.
This means over the past 3 years, the foreign capital moved North ward when Hanoi ranked the first places, followed up by Hai Phong. And this trend continued until the first quarter of 2019.
In the field of investment, since 2016 till now, Vietnam still hold the name of “World Factory”. This is shown in the fact that manufacturing and processing sectors have kept holding the first places in attracting foreign capitals. 
The share of investment of real estate in total FDI surged, from 6.9% in 2016 to 8.5% in 2017; 18.5% in 2018 and in just the first quarter of 2019, $US778,1 million was poured into real estate.

DIEP NGUYEN

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