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Hong Kong becomes biggest foreign investor in VN

VGP - Hong Kong (China) topped the list of 95 countries and territories investing in Viet Nam in the January-June period, with a total investment of US$ 5.3 billion, making up 28.7% of the new foreign direct investment (FDI) inflows into the country.

June 28, 2019 6:23 PM GMT+7

Hong Kong remains biggest foreign investor in VN

The Foreign Investment Agency (FIA) under the Ministry of Planning and Investment said foreign investors have poured a total of US$ 18.47 billion into Viet Nam, equivalent to 90.8% of that in the same period last year.

This number includes newly registered capital, capital contributed and shares purchased by foreign investors.

China and the Republic of Korea ranked second and third, with US$ 2.73 billion and US$2.29 billion, respectively accounting for 14.8% and 12.4% of the total FDI capital poured into Viet Nam in the period.

In the reviewed period, the country granted investment licences to 1,723 new projects with a total registered capital of US$7.41 billion, equivalent to 62.8% over the same period of 2018.

As many as 628 projects registered to increase capital with a combined additional capital of US$ 2.94 billion, equal to 66.2% year on year.

Meanwhile, the value of capital contribution and share purchases by foreign investors reached US$ 8.12 billion, up 98.1% compared to the same period last year, accounting for nearly 44% of the total registered capital.

Foreign investors poured their money into 19 sectors, of which the manufacturing and processing industry remained the biggest recipient with US$ 13.15 billion, equivalent to 71.2% of the total registered value.

It was followed by the real estate and retail & wholesale sectors, with respective registered capital of US$ 1.32 billion and US$1.05 billion.

FDI projects were estimated to have disbursed US$ 9.1 billion in the first six months of this year, up 9.8%.

By Hoang Ha