Foreign capital still heads to manufacturing, processing

The total amount of foreign investment poured into Vietnam this year to September 20 reached 21.2 billion USD, equivalent to 81.8 percent of the same period last year, reported the Ministry of Planning and Investment.
Foreign capital still heads to manufacturing, processing ảnh 1Illustrative image (Photo: VNA)
Hanoi (VNA) – The total amount of foreigninvestment poured into Vietnam this year to September 20 reached 21.2 billionUSD, equivalent to 81.8 percent of the same period last year, reported theMinistry of Planning and Investment.

Of the sum, 13.76 billion USD were disbursed, or 96.8percent of last year’s same period.

Of the amount, 10.36 billion USD was invested in 1,947 newprojects, down 5.6 percent in value and 29.4 percent in project number annually.

As many as 798 projects added a combined over 5.11 billionUSD to their investment capital, down 23 percent year-on-year in project numberbut up 6.8 percent in value.

Up to 5.73 billion USD were spent on shares, equal to 55.1percent of the same period last year.

Foreign investors invested in 18 sectors, with manufacturingand processing absorbing about 9.9 billion USD, or 46.6 percent of the totalinvestment. It was followed by electricity production and distribution withmore than 4.3 billion USD, or 20.6 percent, real estate with around 3.2 billionUSD and wholesale and retail 1.3 billion USD.

Among 111 countries and territories investing in Vietnam,Singapore took the lead with 6.77 billion USD, making up 32 percent of thetotal, followed by the Republic of Korea (RoK) with 3.17 billion USD, China1.87 billion USD, Japan, Thailand and Taiwan (China).

In term of project number, the RoK came first with 499projects, ahead of China with 271 projects, Japan 209 and Singapore 173.

Foreign capital was poured into 60 cities and provinces. TheMekong Delta province of Bac Lieu was the top destination with a liquefiednatural gas project worth 4 billion USD, or 18.8 percent of the totalinvestment. It was followed by Ho Chi Minh City with 3.25 billion USD, Hanoi2.92 billion USD, Ba Ria-Vung Tau, Binh Duong and Hai Phong.

On the number of new projects, Ho Chi Minh City topped thelist with 719 projects, followed by Hanoi with 409 and Bac Ninh 119./.

VNA

See more

Industrial factories in Tan Uyen city, the southern province of Binh Duong (Photo: VNA)

Investors upbeat about Vietnam’s industrial property market

Investors are bullish on Vietnam's industrial property market growth on the back of the nation's strategic location, sound infrastructure, and increasing demand for industrial space, particularly industrial parks that meet green standards, according to market research.

Vietnamese Ambassador to Belgium and head of the Vietnamese Delegation to the EU Nguyen Van Thao addresses the forum (Photo: VNA)

Forum connects Vietnamese, Belgian busineses

The Vietnam-Belgian business forum took place in Brussels on October 23, offering a chance for enterprises of the two countries to introduce their products and explore new cooperation opportunities.

The expos cover over 6,000 sq.m, drawing over 210 exhibitors from 10 countries and territories. (Photo: VNA)

Hanoi hosts textile & garment, fabric garment accessories expos

The Vietnam Hanoi Textile & Garment Industry and Fabric Garment Accessories Expos 2024 (HanoiTex & HanoiFabric 2024) is taking place in Hanoi on October 23 – 25 as part of a series of international exhibitions on Vietnam's textile and garment industry.

Representatives from Vietnamese and Lao agencies, localities and businesses at the opening ceremony of the Vietnam-Laos trade fair 2024 in Xiengkhouang province. (Photo: VNA)

Vietnam, Laos step up trade, tourism promotion

A Vietnam-Laos trade fair was kicked off in Phonsavanh township in Xiengkhouang province of Laos on October 23 as part of activities to celebrate the 75th anniversary of the traditional day of Vietnamese volunteer soldiers and experts in Laos (October 30, 1949 – 2024).

Illustrative photo (Photo: chinhphu.vn)

Vietnamese goods enter US through global supply chain

The Saigon Co.op Distribution Company Limited (SCD) - a member of the Ho Chi Minh City Union of Trade Cooperatives (Saigon Co.op), and STC Natural Vina Company on October 23 held a hand-over ceremony for goods that will be exported to the US.

Vietnam’s lobsters have clawed their way back onto Chinese menus after a suspension. (Photo: VNA)

Vietnam’s lobsters claw back prominence in China

Vietnam’s lobster export to the Chinese market in January-September rose 33 folds year-on-year on the back of lower prices and stronger trade ties between the two nations, the South China Morning Post said on October 22.