New foreign-investment approvals up over 32% y-o-y this year

HCMC – Fresh foreign-investment approvals in Vietnam in the year to December 20 had amounted to US$36.6 billion, up by 32.1% year-on-year, according to the Foreign Investment Agency (FIA) at the Ministry of Planning and Investment. Of the total, newly registered capital was nearly US$20.19 billion, surging by 62.2% over the same period last year. FIA data showed a total of 3,188 new foreign-invested projects were registered this year, up by 56.6% year-on-year. There were 1,262 operational foreign-invested projects revising up their investment capital pledges by a total of over US$7.88 billion, up by 14% in project number but down by 22.1% in capital. Foreign investors conducted 3,450 transactions to contribute funds to and acquire shares in local firms with total capital of some US$8.5 billion, rising by 65.7% year-on-year.