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NEWLY-REGISTERED FDI UP SLIGHTLY IN FIRST SEVEN MONTHS
Newly-registered foreign direct investment (FDI) capital increased slightly in the first seven months, while additionally-registered capital, capital contributions, and share purchases dropped.
The total newly-registered and added capital, as well as capital contributions and share purchases in the first seven months of 2021 amounted to nearly $16.7 billion, down 11.1 per cent on-year, according to the Ministry of Planning and Investment's Foreign Investment Agency.
A total of 1,006 projects (down 37.9 per cent on-year) received new investment certificates, with a total of nearly $10.13 billion (up 7 per cent on-year).
561 projects (down 9.4 per cent) asked to adjust capital by adding a total of $4.54 billion (down 3.7 per cent on-year).
Additionally, capital contributions and share purchases also decreased against the corresponding period of last year, with 2,403 instances (down 46.1 per cent) and a total investment of $2.05 billion (down 55.8 per cent).
In the first seven months, Singapore led the 86 countries and territories investing in Vietnam with a total investment sum of $5.92 billion, making up 35.4 per cent of the total investment. Japan ranked second with $2.54 billion (15.2 per cent) while South Korea ranked third with $2.2 billion (13.1 per cent).
Most capital arriving from Singapore and Japan went into newly-registered projects, making up 81 and 68.3 per cent of FDI inflows, the Foreign Investment Agency report highlighted.
As of July 20, foreign-invested projects have disbursed $10.5 billion, a rise of 3.8 per cent on-year, which reflects that the FDI sector has remained strong during the pandemic.
The export turnover of foreign-invested enterprises (FIEs) increased during the period, reaching $135.8 billion, up 28.9 per cent on-year (including crude oil) and $135 billion (excluding crude oil), up 29.3 per cent on-year, equivalent to around 73.7 and 73.2 per cent of the country's total export turnover.
The import turnover of FIEs is estimated at $120.9 billion, up 37.6 per cent on-year, making up 64.7 per cent of the country's total import turnover. In the first seven months, the trade surplus of the sector was estimated at $14.9 billion (including crude oil) and $14.1 billion (excluding crude oil). This has offset part of the $17.4 billion trade deficit of local businesses.
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Vietnam may attract about 30 billion USD in foreign direct investment (FDI) in 2021, posting a year-on-year rise of 2 percent, economists forecast, pointing to positive signs in FDI attraction in the first eight months of 2021 despite the complexities of COVID-19.
The Directive states that the fourth COVID-19 wave tied to the Delta variant has produced tremendous disruption in production, circulation, consumption and export of farm produce, particularly in areas placed under social distancing, leading to high stockpiles and tumbling prices.
Việt Nam's export turnover in July to countries in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), reached US$3.98 billion, a 0.79 per cent increase from June and a 21.64 per cent increase from the same period last year.