Japan leads foreign investors in Vietnam in year’s first half
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Foreign investors invested a total of over 20 billion USD in 1,366 new projects and 507 existing ones as well as in contributing capital and buying shares in domestic company in the reviewed period.
With 5.06 billion USD, the Republic of Korea was Vietnam’s second biggest investor, followed by Singapore with 2.39 billion USD.
During January-June, foreign investors poured their capital into 55 provinces and cities, in which Hanoi ranked first with 5.87 billion USD. The capital city was followed by Ho Chi Minh City (3.68 billion USD), and Ba Ria-Vung Tau province (1.93 billion USD).
Manufacturing-processing industry continued to attract the most foreign direct investment (FDI) in Vietnam in the first half of 2018, with 7.91 billion USD, accounting for 38.9 percent of the total registered capital.
It was followed by real estate, with 5.54 billion USD, and the wholesale and retail sector with 1.5 billion USD, making up 27.3 percent and 7.4 percent of the total, respectively.
To date, Vietnam has attracted nearly 26,000 projects with a registered capital of 326 billion USD. Disbursement is estimated at 180 billion USD.
Foreign investment accounts for 25 percent of the country’s total investments and contributes 20 percent of GDP. Last year, the sector contributed nearly 8 billion USD to the State budget, 14.4 percent of total revenue.
At present, 58 percent of foreign investments focus on processing and manufacturing, generating half of industrial production value.
Questions & Answers
Q.Which country was the largest foreign investor in Vietnam during the first half of the year?
Which country was the largest foreign investor in Vietnam during the first half of the year?
The article states that the Republic of Korea was Vietnam's second biggest investor with 5.06 billion USD, followed by Singapore. This implies Japan was the largest, as per the title, but the article text itself only explicitly names Korea and Singapore as top investors after the lead.
Q.What were the top three sectors for foreign direct investment in Vietnam in the first half of 2018?
What were the top three sectors for foreign direct investment in Vietnam in the first half of 2018?
The manufacturing-processing industry attracted the most investment with 7.91 billion USD. This was followed by real estate, which received 5.54 billion USD, and then the wholesale and retail sector with 1.5 billion USD.
Q.Which Vietnamese cities and provinces received the most foreign capital during January-June?
Which Vietnamese cities and provinces received the most foreign capital during January-June?
Hanoi ranked first, attracting 5.87 billion USD in foreign capital. Ho Chi Minh City followed with 3.68 billion USD, and Ba Ria-Vung Tau province was third, receiving 1.93 billion USD.
Q.What percentage of Vietnam's GDP does foreign investment contribute?
What percentage of Vietnam's GDP does foreign investment contribute?
Foreign investment accounts for 20 percent of Vietnam's Gross Domestic Product. It also contributes 25 percent of the country’s total investments.