The Republic of Korea and Singapore were the runner-ups with 7.2 billion USD and 5 billion USD, making up 24.2 percent and 14.2 percent of the country’s total FDI, respectively.

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Vietnam attracted 35.46 billion USD in total foreign direct investment (FDI) in 2018, equivalent to 98.8 percent of the previous year’s figure.

According to a report by the Foreign Investment Agency under the Ministry of Planning and Investment, by December 20, FDI commitment for 3,046 newly-licensed projects reached nearly 18 billion USD, equivalent to 84.5 percent of the same period last year.

After a yearly decline of nearly 10 percent in FDI added to operating projects totaled at 7.59 billion USD, the capital pledged for stake acquisitions rose by 60 percent year on year to 9.89 billion USD, the report said.

As per the data, foreign-invested enterprises gained a trade surplus of 32.8 billion USD this year as they exported 175.5 billion USD worth of goods, up 13 percent while their imports hit 142.7 billion USD, up 12 percent.

The manufacturing and processing sector garnered the most interest from foreign investors in the period, accounting for 16.58 billion USD, or 47 percent of the registered capital.

The real estate sector ranked second with 6.6 billion USD, or 18.5 percent and the retail sector came third with 3.67 billion USD, or 10.3 percent.

The capital city of Hanoi lured the lion share of FDI with 7.5 billion USD or 21.2 percent of the total capital pledged for the country. It was followed by the southern economic hub of HCM City with 5.9 billion USD or 17 percent, and the northern port city of Hai Phong with 3.1 billion USD, or 8.7 percent.

In a wider scope, there were more than 27,350 valid foreign-invested projects in Vietnam so far with a total registered capital of 340 billion USD. Over half of the FDI has been disbursed thus far, according to the above-mentioned report.

The Republic of Korea was the leading source of FDI with 62.5 billion USD and Japan came next with 57 billion USD. Several others included Singapore, Taiwan (China), British Virgin Islands and Hong Kong (China).

Bac Giang pays heed to economic investment and development in special difficult areas

(BGO) – Vice Chairman of the Bac Giang provincial People’s Committee Le Anh Duong on November 15 visited 4 most difficult hamlets in the province in 2016 – 2018 period, including Dong Mam and Co Vai hamlets in Son Hai commune as well as Suoi Chac and Ri hamlets in Phong Van commune (Luc Ngan district). He was accompanied by leaders of the provincial Ethnic Board, Bac Giang branch of Bank for Investment and Development of Vietnam and People’s Committee in Luc Ngan district. 

 

Bac Giang’s tourism investment promotion conference 2018 creates cooperative opportunity and lures tourism development sources

(BGO) – The People’s Committee in the northern province of Bac Giang on October 10 held the tourism investment promotion conference 2018 in Bac Giang city. 

 

Bac Giang only approves for investment projects with completed environmental procedures

(BGO) – Bui Van Hanh, Vice Permanent Chairman of the Bac Giang provincial People’s Council on October 4 headed a working delegation to supervise the execution of legal regulations on environmental protection (EP) for the period of 2015 – 2018 at the provincial People’s Committee.

 

Focusing investment in hi-quality key schools

(BGO) – The Bac Giang provincial Standing People’s Council on September 24 convened a regular meeting under the chair of Bui Van Hai, Member of the Central Party Committee, Secretary of the provincial Party Committee, Chairman of the provincial People’s Council.

 

Investment in infrastructure to improve living standard of ethnic minority people

(BGO)- Thanks to state funding resources for the ethnic minority areas, quality of life of ethnic minority people in Bac Giang province have been increasingly improved. Nevertheless, people living in these areas are still facing many difficulties while the big gaps in living standards among different regions require effective solutions to help local people to overcome the difficulties.

 

Source: VNA