Want to be in the loop?
subscribe to
our notification
Business News
FDI INFLOWS REPORT SOME IMPROVEMENT ON-MONTH
Total foreign direct investment inflows for January-November have narrowed the gap with on-year performance by less than 5 per cent, instead of the two-digit drop seen in previous months.
According to the Ministry of Planning and Investment's Foreign Investment Agency, Vietnam counted total foreign direct investment (FDI) inflows of about $25.1 billion in the first 11 months of the year, equivalent to 95 per cent of the previous year's total.
Of this, $11.5 billion was poured into 1,812 newly licensed projects, up 14.9 per cent on the number of projects last year but a sharp reduction of 18 per cent in value.
Another $9.54 billion was added to 994 projects currently underway, a rise of 23.3 per cent in value and 13.3 per cent in quantity. Overseas investors also poured almost $4.08 billion into around 3,298 share purchase deals, a slight down of 7 per cent over the same period last year.
FDI disbursement climbed well by 15.1 per cent on-year, to around $19.68 billion.
Among the 19 sectors receiving funds in the first 11 months, processing and manufacturing took the lead with almost $15 billion, accounting for 59.5 per cent of total FDI. This was followed by real estate ($4.19 billion), power generation and distribution ($2.26 billion), and sci-tech and professional activities ($1.03 billion).
Singapore led the 107 countries and territories investing in Vietnam in period, with total capital placed of around $5.78 billion, followed by Japan ($4.6 billion) and South Korea ($4.1 billion).
Ho Chi Minh City attracted the highest amount of FDI at just under $3.54 billion, followed by Binh Duong with $3.03 billion and Quang Ninh with $2.19 billion.
The export turnover of foreign-invested enterprises (FIEs) continued increasing, by 14.8 per cent on-year to about $255.1 billion, including crude oil, making up more than 74 per cent of the country's total export value.
Their import turnover was estimated at $217.5 billion, up 10.2 per cent on-year and accounting for 65.2 per cent of the total.
FIEs' trade surplus was $37.6 billion (including crude oil) in the first 11 months, while local businesses reported a trade deficit of $28.5 billion.
The over 36,100 valid foreign-invested projects accumulated across the country boast total registered capital of more than $437 billion. Their disbursement was about $271.3 billion, equivalent to 62 per cent of the valid registered capital.
Source: VIR
Related News
![Card image cap](/uploads/Logo/Cathay%20%281%29.jpg)
ONE-TIME OFFER: COMPLEMENTARY CATHAY PACIFIC LOUNGE PASS
Begin your trip on the right note in Cathay Pacific’s first-ever ferry lounge, located at Shenzhen’s Shekou Cruise home port. Situated at the end of the pier, the ferry lounge offers a breathtaking 270-degree view of the sea. You can immerse yourself in sheer luxury and revel in the panoramic beauty. Catch a glimpse of Hong Kong in the distance.
![Card image cap](/uploads/news/Industrial%20Zone.jpg)
VIỆT NAM TARGETS FULL MOBILE BROADBAND COVERAGE ON HIGHWAYS, INDUSTRIAL ZONES BY 2025
By 2025, Việt Nam aims to achieve one hundred per cent mobile broadband coverage on all national highways, expressways and railways under a plan to enhance the quality of Việt Nam’s mobile telecommunications network by 2025, which has been approved by the Ministry of Information and Communications (MIC).
![Card image cap](/uploads/news/Investment6.jpg)
VIETNAM ONE OF FASTEST-GROWING E-COMMERCE MARKETS IN SOUTHEAST ASIA
The report released on July 16 highlighted that the total GMV of Southeast Asia’s eight leading e-commerce platforms rose to $114.6 billion in 2023, up 15 per cent from 2022. The key drivers for the region's e-commerce GMV expansion in 2023 are Vietnam and Thailand, growing 52.9 per cent and 34.1 per cent on-year, respectively.
![Card image cap](/uploads/news/Security.jpg)
2025 PIVOTAL FOR STOCK MARKET UPGRADE EFFORT
The Ministry of Finance (MoF) is expected to soon publish the entire content of the draft circular amending and supplementing four circulars on transactions, registration, depository, and clearing, as well as operations of securities companies and information disclosure. This move, along with feedback and explanations, aims to meet the criteria for upgrading Vietnam’s stock market.
![Card image cap](/uploads/news/bn-01.jpg)
VIETNAM INTENSIFIES E-COMMERCE TAX SCRUTINY
The department plans to offer guidance for and hold direct dialogues with e-commerce taxpayers to ensure compliance. Efforts will also include updating the e-commerce database, conducting risk analysis, and leveraging artificial intelligence (AI) to manage data and issue alerts.
![Card image cap](/uploads/news/eco2.jpg)
FOOTWEAR EXPORTS SEEN REACHING US$27 BILLION THIS YEAR
This optimistic forecast reflects the industry’s efforts to expand and diversify its markets. Lefaso indicated that Vietnam’s footwear sector will concentrate on traditional markets like the U.S. and the European Union, alongside markets with free trade agreements to maximize opportunities.