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Real estate ranked second in attracting FDI in Jan-Sep

Real estate ranked second in attracting FDI in Jan-Sep

Among 59 provinces and cities having FDI projects in the first nine months of 2019, Hanoi attracted most investment with registered capital of $6.15 billion, accounting for 23.5 percent of the country’s total.
18:30, 03/10/2019

Ho Chi Minh City and Binh Duong ranked second and third with $4.52 billion and $2.52 billion, respectively.

The value of newly registered and additional capital in FDI projects as well as capital contribution and share purchase by foreign investors reached $26.16 billion, up 3.1 percent year-on-year, according to the Foreign Investment Agency under the Ministry of Planning and Investment.

Among 2,759 projects were granted investment certificates, up 26.4 percent year-on-year. Registered capital totaled $10.97 billion accounting for 77.7 percent of the number in the same period in 2018.

In addition, 1,037 projects increased investment by $4.79 billion, up 23.3 percent. There were 6,502 deals of capital contribution and share purchase by foreign investors with the total value of $10.4 billion, a year on year increase of 82.3 percent.

In 19 fields which foreign firms invested in Vietnam, manufacturing and processing was the most attractive with $18.09 billion accounting for 69.1 percent of total registered capital. Real estate ranked second with $2.77 billion while retail and wholesale ranked third with nearly $1.4 billion.

Of 109 nations and territories investing in Vietnam, Hong Kong (China) took the lead with the total investment of $5.89 billion including $3.85 billion spent on share purchase of Hanoi based Vietnam Beverage Company. The runner-up was South Korea with $4.62 billion. Singapore ranked third with $3.77 billion and Japan outstripped China to rank fourth with $3.06 billion.

Projects with significant scales include Hong Kong Beerco Limited’s share purchase of Vietnam Beverage with the total capital of $3.85 billion, LG Display Hai Phong which increased investment capital by $410 million and a steel radial tires project by Chinese investors in Tay Ninh with the total funds of $280 million.

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