FDI ATTRACTION CONTINUES TO REMAIN BULLISH

Additionally-registered and purchasing shares of FDI capital kept rising at 92.5 and 74.5 per cent on-year, respectively, while the total foreign investment (FDI) inflows in the first four months decreased by 11.7 per cent.

According to the Ministry of Planning and Investment's Foreign Investment Agency, Vietnam counted FDI inflows of about $10.8 billion in the first four months, equivalent to a rise of 88.3 per cent on-year.

Of this, $3.7 billion were poured into 454 newly-licensed projects, an increase of 0.7 per cent in the number of projects, but a sharp decrease of 56.3 per cent in value.

Besides this, $5.29 billion were added to 323 projects currently underway, a rise of 92.5 per cent in value and 22.8 per cent more in the number of projects. Overseas investors also poured $1.83 billion into 1,026 share purchase deals, an increase of 74.5 per cent on-year.

In April, Singapore's Fujifilm Business Innovation Vietnam Co., Ltd. (in Ho Chi Minh City) has just registered to raise the capital by $494.2 million, which is one of the notable projects this month.

FDI disbursement went slightly up by 7.6 per cent on-year, to $5.92 billion.

Accumulated to the end of this month, there were 34,891 valid FDI projects across the country with total registered capital of $424.59 billion, and their disbursement was almost $257.52 billion, equivalent to 60.7 per cent of valid registered capital.

Among the 18 sectors receiving funds in the first four months, processing and manufacturing took the lead with $6.2 billion, accounting for 57.2 per cent of total FDI. It was followed by real estate with over $2.8 billion, making up 26.1 per cent, followed by wholesales and retail ($667.8 million), science technology and professional activities ($357.5 million).

Singapore led the 72 countries and territories investing in Vietnam in the first four months with a total investment capital of nearly $3.1 billion, followed by South Korea ($1.82 billion) and Denmark ($1.32 million).

Binh Duong has attracted the highest amount of FDI in these four months with over $2.35 billion, followed by Bac Ninh ($1.57 billion), Ho Chi Minh City ($1.28 billion), Thai Nguyen ($944 million), and Hanoi ($656 million).

In the first four months, the export turnover of the foreign-invested enterprises (FIEs) continued increasing by 15.4 per cent on-year to nearly $91.4 billion (including crude oil) or $90.36 billion (excluding crude oil), making up about 74 per cent of the country's total export value. Their import turnover was estimated at $80.39 billion, up 18.7 per cent on-year and accounting for 65.8 per cent of the total.

Generally, the trade surplus of FIEs was $10.75 billion (including crude oil) and about $10 billion (excluding crude oil), while local businesses reported a trade deficit of $9.79 billion.

Source: VIR