BCN-20 Vietnam’s foreign investment attraction down in 2018

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ZCZC

BCN-20

VIETNAM-FOREIGN-INVESTMENT

Vietnam’s foreign investment attraction down in 2018

HANOI, Dec. 26, 2018 (BSS/Xinhua) – Vietnam has enticed foreign investment
of nearly 35.5 billion U.S. dollars so far this year, posting a year-on-year
decrease of 1.2 percent, its Foreign Investment Agency said on Wednesday.

Of the nearly 35.5 billion U.S. dollars, nearly 18 billion U.S. dollars
were registered capital of 3,046 new foreign-invested projects, down 15.5
percent in capital; roughly 7.6 billion U.S. dollars were additional capital
of 1,169 existing projects, down 9.7 percent in capital; and nearly 9.9
billion U.S. dollars were the money foreign investors used to buy shares or
contribute capital to Vietnamese firms, up 59.8 percent.

Among countries and regions having investment in Vietnam from January to
late December, Japan was the biggest investor with nearly 8.6 billion U.S.
dollars, followed by South Korea with 7.2 billion U.S. dollars, and Singapore
with 5 billion U.S. dollars.

In the 12-month period, realized capital of foreign-invested projects in
Vietnam stood at 19.1 billion U.S. dollars, up 9.1 percent, said the agency
under the Ministry of Planning and Investment.

BSS/AFP/HR/1345