This will be a record high and up 9 percent on a yearly basis. The FIA also reported that the number of projects granted licenses in 2016 was 2,556 as of December 26 with a total registered capital of 15.1 billion USD, a year-on-year increase 27 percent in project number but the registered capital was equal to just 97.5 percent of the last year’s figure. In the same reviewed period, 1,225 projects asked to add 5.76 billion USD to their capital. The drop in new registered capital and additional capital was attributable to a lack of large-scale projects, the FIA said.
According to the FIA, the export value (including crude oil) of the FDI sector in this year was forecasted at 125.9 billion USD, increase 10.2 percent compared with last year. This figure accounted for 71.55 percent of the country’s total export revenue. Non-oil export value was estimated at 123.55 billion USD, an increase of 11.8 percent over 2015 and making up 70.2 percent of the country’s total export revenue. Meanwhile, foreign investors purchased an amount of stocks that was worth more than 3.4 billion USD in 2,547 firms and economic organizations.
The manufacturing and processing sector were the mostattractive sectors for FDI with an investment of 15.53 billion USD or 63.7 percent; followed by the automobile and motorbike wholesale, retail and repair with 7.79 percent or 1.9 billion USD), and real estate with 6.9 percent or 1.68 billion USD. In 2016, the FDI was poured into 19 sectors.
Among 95 countries and territories investing in Vietnam in 2016, the Republic of Korea led in the term of capital with 7 billion USD (28.8 percent of the total). Japan came second with 2.58 billion USD (10.62 percent), and Singapore was third with 2.41 billion USD (9.9 percent).
For top attractive destination for FDI, Ho Chi Minh City was ranked first with 3.42 billion USD (14 percent of the total). Followed by the northern port city of Hai Phong with 2.98 billion USD (12.26 percent). Hanoi, Binh Duong and Dong Nai came next with 2.79 billion USD, 2.36 billion USD and 2.23 billion USD, respectively.
Most remarkable new FDI projects licensed in 2016 include the LG Display Hai Phong worth 1.5 billion USD invested by the RoK’s LG Display Co Ltd, the 550 million USD LG Innotek Hai Phong, invested by LG Innotek also of the RoK, and the Dam Nha Mac sea port-industrial park complex in Quang Ninh worth 315.46 billion USD invested by CDC of the Cayman Islands.
