Vietnam attracts over 15 billion USD of FDI in six months
Foreign investors have poured 15.27 billion USD of investment in Vietnam so far this year, equivalent to 97.4 percent of the amount recorded in the same period last year, according to the Ministry of Planning and Investment (MPI).
Hanoi (VNA) – Foreign investors have poured 15.27billion USD of investment in Vietnam so far this year,equivalent to 97.4 percent of the amount recorded in the same period last year,according to the Ministry of Planning and Investment (MPI).
The ministry reported that as of June 20, 9.55 billion USDhad been injected into 804 newly-licenced projects, up 13.2 percent year onyear.
Meanwhile, 4.12 billion USD had been added into 460 underwayprojects, a year on year rise of 10.6 percent. Foreign investors also poured1.61 billion USD in share purchase deals in Vietnam, according to the ministry.
Meanwhile, the disbursement of FDI in the period rose 6.8percent year on year to 9.24 billion USD.
Among the 18 sectors attracting FDI, manufacturing-processinglured the highest amount at 6.98 billion USD, accounting for 45.7percent of the total investment, followed by power production and distributionwith 5.34 billion USD, making up nearly 35 percent of the total investment.
Singapore leads the 80 countries and territories investing inVietnam with investment of 5.64 billion USD, followed by Japan with 2.44billion USD, and the Republic of Korea with 2.05 billion USD.
As of June 20, the country had hosted 33,787 FDIprojects worth 397.89 billion USD totally, of which 241.1 billion USD, or 60 percent,had been disbursed.
The export revenue of the foreign-invested sector hascontinued to rise at 32.2 percent to 116 billion USD (including crudeoil), accounting for 74.1 percent of the country’s total export revenue. Thesector’s revenue excluding crude oil reached 115.3 billion USD, up 32.6 percentyear on year.
The sector imported 102.6 billion USDworth of goods in the period, up 38.7 percent year on year. As a result, in thefirst half of this year, it enjoyed a trade surplus of 13.4 billion USDincluding revenue from crude oil.
The MPI also reported a trade deficit of 14.9 billion USD by domestic businesses./.
The manufacturing and processing sector has taken the lead in attracting foreign direct investment (FDI) since the beginning of this year, pulling in 6.1 billion USD, or over 43 percent of the total.
Foreign capital continued flowing to industrial real estate via mergers and acquisitions (M&A) in five months of this year, particularly in Hanoi and Ho Chi Minh City.
The central city of Da Nang has attracted 11 investment projects into its industrial and hi-tech parks since the beginning of this year, including three FDI projects worth 145.3 million USD and eight domestic-invested ones totaling 188.4 billion VND (8.2 million USD).
The Ministry of Planning and Investment (MPI) has announced plans to issue more specific criteria for special investment incentives to better attract foreign direct investment (FDI).
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Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
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In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
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Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
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Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Illustrative image (Source: VNA) 
