World Economy

Vietnam FDI Surges 52%

Vietnam FDI Surges 52%Vietnam FDI Surges 52%

Vietnam attracted $21.93 billion in foreign direct investment during the first seven months of this year, a surge of 52% year-on-year, the highest rate since 2011, according to the latest Foreign Investment Agency statistics. VNA reported. Of the total, $12.92 billion came from 1,378 newly-licensed projects, representing a yearly increase of 48.7%. Another 677 already-operating projects have registered to increase their capital by more than $5.87 billion, up 38.5% year-on-year. Foreign investors made 2,946 deals in contributing capital to businesses and buying shares of Vietnamese businesses with total value of $3.12 billion, soaring by 109.7% compared with the same period in 2016. During January-July, FDI disbursement reached $9.05 billion, up 5.8% against last year’s figure. Exports of foreign-invested enterprises (including crude oil) are estimated at $83.05 billion, up 20.3% over last year, accounting for 72% of the country’s total export turnover. Excluding crude oil, this figure is $81.26 billion, up 20%. Imports of foreign-invested enterprises reached $71.35 billion, up 28.1% over the same period in 2016 and accounting for 60.3% of the total import turnover of the country.


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