Foreign capital is pouring into processing and manufacturing.

July 30, 2013 17:48

With 315 newly registered investment projects flowing into the processing and manufacturing industry, the total newly registered and increased capital reached US$10.44 billion, accounting for 87.7% of the total registered investment capital. This is the sector that consistently attracts the most attention from foreign investors.



FDI capital is mainly concentrated in the processing and manufacturing industry.

With the upward adjustment of investment capital of US$2.8 billion for the Nghi Son oil refinery (Thanh Hoa) and two Samsung projects in Thai Nguyen and Bac Ninh, the total newly registered and increased investment capital nationwide in the first seven months of the year reached US$11.91 billion, an increase of nearly 20% compared to the same period in 2012. This shows that FDI into Vietnam...MaleIt is trending upwards.

Specifically, as of July 20, 2013, the whole country had 677 new projects granted investment certificates with a total registered capital of US$6.92 billion, an increase of 10% compared to the same period in 2012, and 266 projects registered to increase investment capital with a total additional registered capital of US$4.99 billion, an increase of 36.2% compared to the same period in 2012.

According to the Foreign Investment Agency (Ministry of Planning and Investment), in the first seven months of 2013, an estimated $6.65 billion was disbursed by foreign direct investment projects, an increase of 6.4% compared to the same period in 2012.

In the first seven months of 2013, foreign investors invested in 18 sectors. Of these, the manufacturing and processing industry attracted the most attention from foreign investors, with 315 newly registered investment projects and a total newly granted and increased capital of US$10.44 billion, accounting for 87.7% of the total registered investment capital.

Despite facing difficulties, the real estate sector ranked second in FDI inflows, with a total newly registered and increased capital of $580.77 million. Third was the wholesale, retail, and repair sector with 105 new investment projects and a total newly registered and increased investment capital of $230.98 million.

In terms of investment partners, Japan continues to lead among the 46 countries and territories with investment projects in Vietnam, with a total newly registered and increased investment capital of US$4.1 billion, accounting for 34.4% of the total registered investment capital in Vietnam.SingaporeIt ranked second and the Russian Federation ranked third.

Regarding exports from the foreign-invested sector (including crude oil), in the first seven months of 2013, the projected figure was US$48.242 billion, an increase of 22% compared to the same period in 2012 and accounting for 66.3% of total export turnover. Exports excluding crude oil reached US$43.962 billion, an increase of 26.3% compared to the same period in 2012 and accounting for 60.43% of total export turnover.

Imports by the foreign-invested sector in the first six months of 2013 reached US$41.329 billion, an increase of 24% compared to the same period in 2012 and accounting for 56.3% of total import turnover.

Overall, in the first seven months of 2013, the foreign investment sector recorded a trade surplus of $6.9 billion, while the country as a whole had a trade deficit of $733 million.

Several major projects were licensed in the first seven months of 2013.

- The Nghi Son Refinery and Petrochemical Company Limited project (Thanh Hoa province), invested by a Japanese company, has adjusted its investment capital upwards by US$2.8 billion.
- The Samsung Electronics Vietnam Thai Nguyen Company Limited project, by a Singaporean investor, has a total investment of US$2 billion for the production and assembly of electronic products;
- The Bus Industrial Center Company Limited project, with a total investment of 1 billion USD from a Russian investor, aims to build a factory for assembling and manufacturing bus parts and providing other supporting services in Binh Dinh province.
- The Samsung Electronics Vietnam Co., Ltd. project in Bac Ninh has adjusted its capital increase to $1 billion USD.


According to baocongthuong.PH

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Foreign capital is pouring into processing and manufacturing.
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