With the increasing project number and investment value, foreign invested enterprises have become a dynamic sector and an important growth driver for the Vietnamese economy, said Deputy Minister of Planning and Investment Do Thanh Trung.
Ho Chi Minh City’s State budget collection has reached its target ahead of schedule, surpassing 392.7 trillion VND (17 billion USD) in the first ten months of this year, up 1.6% from the estimate and 22.3% year-on-year, reported the municipal Statistics Office.
Foreign investors have poured nearly 5 billion USD in Vietnam so far this year, equivalent to 91.5 percent of that in the same time last year, reported the Foreign Investment Agency under the Ministry of Planning and Investment.
investment licences with total registered
capital of 3.31 billion USD, a year-on-year fall of 33.9 percent.
Meanwhile,
115 existing projects adjusted their investment capital with a total additional
sum of 1.61 billion USD, or 2.5 times higher than the same time last year.
Capital contributions and shares purchases by foreign investors stood at 543.1
million USD, down 34.4 percent.
Foreign investors pumped capital in 17 sectors, with processing and manufacturing holding the lead with over 3
billion USD or 55.7 percent, followed by power production and distribution with 1.44 billion
USD (26.5 percent), real estate 485 million USD, and science-technology nearly 153 million
USD.
Japan topped the list of 46 countries and territories landing investment in