Vietnam lures nearly 13 bln USD of FDI in 7 months

By：Xinhua Update：2016-07-28

HANOI, July 27 -- Vietnam has lured some 12.94 billion U.S. dollars of foreign direct investment (FDI) in the first seven months of 2016, up 46.9 percent year-on-year, according to Foreign Investment Agency (FIA) under the Ministry of Planning and Investment on Wednesday.

Specifically, as many as 1,408 FDI projects worth nearly 8.7 billion U.S. dollars were newly granted licenses in the period, up 31.8 percent in volume and 25.5 percent in value year-on-year.

Over 4.24 billion U.S. dollars was registered to add to 660 existing projects, up 125.7 percent in value and 93.5 percent in volume year-on-year.

During January-July period, the country is likely to disburse some 8.55 billion U.S. dollars of FDI, up 15.5 percent year-on-year, local Tien Phong (Pioneer) newspaper quoted the FIA as saying.

Manufacturing and processing industry continues to rank first among economic sectors, with 1,080 FDI projects worth over 9.1 billion U.S. dollars.

Real estate business ranks second with nearly 957 million U.S. dollars in 35 FDI projects, followed by expertise, science-technology activities with around 596 million U.S. dollars in 167 projects.

During the seven-month period, the FDI sector's export revenue, excluding crude oil, hits over 67.544 billion U.S. dollars, up 5.5 percent year-on-year while its import revenue reaches some 55.4 billion U.S. dollars, down 2.4 percent year-on-year.

Thus, FDI sector enjoys a trade surplus of over 12.144 billion U.S. dollars from January to July.