Jan.-Oct. FDI inflows to Vietnam hits $29.1 billion, up 4.3%

Of the pledges, 68% would be invested in manufacturing and processing, while 10.2% would go to real estate sector. 

Implemented capital of foreign direct investment projects is estimated at $16.2 billion, up 7.4% over the same period of last year.

As of October 20, there are 3,094 new projects, up 25.9% in number of projects. Newly registered capital reached $12.8 billion, a reduction of 14.6% against the same period in 2018.

FDI has been a key driver of Vietnam's economic growth. Companies with FDI account for around 70% of the Southeast Asian country's exports.

Exports of the foreign invested sector including crude oil reached $150.4 billion, up 3.9% over the same period in 2018 and accounting for 69.3% of export turnover while exports excluding crude oil was $148.7 billion, up 4.1% compared to the same period in 2018 and accounting for 68.5% of overall export turnover.

The FDI sector had a trade surplus of $28.3 billion including crude oil and a trade surplus of $26.6 billion excluding crude oil. 

In general, the economy had trade surplus of $7.05 billion during the first ten months. 

Photo: Vietnam News Agency