Japanese investors poured USD 4.138 billion into a project on building a smart city in Hanoi’s Dong Anh district.
Foreign investors invested a total of over USD 20 billion in 1,366 new projects and 507 existing ones as well as in contributing capital and buying shares in domestic company in the reviewed period.
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Japanese investors poured USD 4.138 billion into a project on building a smart city in Hanoi’s Dong Anh district. |
With USD 5.06 billion, the Republic of Korea was Vietnam’s second biggest investor, followed by Singapore with USD 2.39 billion.
During January-June, foreign investors poured their capital into 55 provinces and cities, in which Hanoi ranked first with USD 5.87 billion. The capital city was followed by Ho Chi Minh City (USD 3.68 billion), and Ba Ria-Vung Tau province (USD 1.93 billion).
Manufacturing-processing industry continued to attract the most foreign direct investment (FDI) in Vietnam in the first half of 2018, with USD 7.91 billion, accounting for 38.9 percent of the total registered capital.
It was followed by real estate, with USD 5.54 billion, and the wholesale and retail sector with USD 1.5 billion, making up 27.3 percent and 7.4 percent of the total, respectively.
To date, Vietnam has attracted nearly 26,000 projects with a registered capital of USD 326 billion. Disbursement is estimated at USD 180 billion.
Foreign investment accounts for 25 percent of the country’s total investments and contributes 20 percent of GDP. Last year, the sector contributed nearly USD 8 billion to the State budget, 14.4 percent of total revenue.
At present, 58 percent of foreign investments focus on processing and manufacturing, generating half of industrial production value.
Source: VNA