Pledged FDI capital in Jan-Sept down

Meanwhile, the property sector has obtained the second highest capital amount with US$1.8 billion despite the domestic property market is still in distress. The agency said FDI capital in the processing and manufacturing sector has continued to obtain the highest proportion with 65.5% of the total. Especially, most of capital increases since the year’s beginning, at around US$3.4 billion, has been poured into this sector.

However, according to authorities, the high FDI inflow of the property sector mainly resulted from a huge investment of US$1.2 billion poured into the Tokyu Binh Duong urban area project in Binh Duong Province early this year. Therefore, such high FDI capital of the property sector does not clearly indicate that investors will pour more capital into this sector.

The wholesale, retail and communications sectors have attracted over US$400 million each while that of other sectors is insignificant.

According to the Foreign Investment Agency, in the nine-month period, Japan continued to take the lead in FDI capital pledged for Vietnam mainly in supporting industries and precision engineering, with a total amount of US$4.67 billion in 203 projects.

Some other countries and territories with high FDI capital pledged for Vietnam are Samoa, South Korea and British Virgin Islands with US$889 million, US$711 million and US$611 million respectively.

Small- and medium-scale projects accounted for 90% of the total of 775 projects licensed in the January-September period. There was only one project worth over US$1 billion and 64 projects worth over US$10 million each.

The export turnover of the FDI sector reached US$52.5 billion in the nine-month period, equivalent to over 62% of Vietnam’s total export turnover.