Registered Jan-Oct FDI in Vietnam rises 14.7% to $25.8 bln

Registered foreign direct investment in Vietnam hit $25.76 billion in the year to October 20, up 14.7% year-on-year, according to the Ministry of Planning and Investment.

The figure included registered capital for new projects, additional capital for ongoing projects and capital contribution for stake acquisitions.

About $15.29 billion was pledged for 2,608 new projects, up 54% and 66.1% year-on-year respectively. Over $5.33 billion of additional capital went to 1,051 ongoing projects, down 39% in value but up 19.4% in the number of projects. Capital contributions reached $5.13 billion in 2,836 stake acquisition deals, up 35.4% but down 5.4%, respectively.

The disbursed capital reached $18 billion in the 10-month period, up 2.4% year-on-year, the Ministry of Planning and Investment reported, adding that the figure inched up 0.2 percentage points versus the January-September result.

In terms of sector, the manufacturing-processing sector topped the chart with $18.84 billion, or 73.1% of the total, up 45.8% year-on-year.

Other leading sectors are real estate with $2.14 billion, or 8.3% of the total, and down 44.8% year-on-year; banking-finance with $1.54 billion, up 61.4-fold; and wholesale-retail with $907 million, up 6.3%.

Regarding investors, Singapore was the biggest source with $4.65 billion, or 18% of the total, down 13% year-on-year; followed by South Korea with $3.93 billion, up 0.5%; and Hong Kong with $3.54 billion, up 159.7%.

About receivers, the leading ones in the 10-month period were all northern localities, including Quang Ninh province with $3.09 billion, up 41.3% year-on-year; Hai Phong city with $2.8 billion, up 114.2%; and Hanoi with $2.61 billion, up 103.7%.

As of October 20, Vietnam recorded 38,622 valid foreign investments with the total registered capital of $460.07 billion. The disbursement reached $292 billion, or 63.5% of the registered capital.