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The race between Korea and China for the acquisition of the Vietnamese companies

The race between Korea and China for the acquisition of the Vietnamese companies

Friday 18, 10 2019
Based on capital contribution and share purchasing, China and Korea are the two most major countries in 9 months in 2019. Their figures are at 1,973 times and 1,267 times, respectively.

The statistics on foreign investment capital attraction recently published by the Foreign Investment Department of the Ministry of Planning and Investment show that in 9 months of 2019, the total of the newly-registered capital, the adjusted capital, and the share purchasing contribution of foreign investor is 26.16 billion USD, up 3.1% over the same period in 2018.

 

FDI disbursement reached USD 14.22 billion

In which, the whole country has 2,759 projects granted investment certificates, up 26.4% over the same period last year. The total newly-registered capital is 10.97 billion USD, equalling 77.7% of last year's figure. This decrease in the amount of newly-registered capital is because of the decrease in the scales of the projects, as there was no new investment project with the capital of more than 300 million USD in 9 months in 2019.

 

There are 1,037 projects registering for investment capital adjustment, up 23.3% over the same period in 2018. The total capital registering for adjustment is nearly 4.78 billion USD, which equals to 86.4% of the figure from last year.

 

Also in the first 9 months of 2019, the country had 6,502 capital contributions and share purchasing of foreign investors, with a total value of the contributed capital of 10.4 billion USD, up 82.3% over the same period in 2018 and accounting for 39.8% of the total registered capital.

 

The implementation capital of the foreign direct investment projects reached 14.22 billion USD, up 7.3% over the same period in 2018.

 

Korea and China rushed to acquire Vietnamese companies

 

In the first 9 months of 2019, there were 109 countries and territories having investment projects in Vietnam. Hong Kong leads with a total investment of 5.89 billion USD; South Korea ranked second with a total investment of 4.62 billion USD; Singapore ranked third with a total registered investment capital of 3.77 billion USD; Japan surpassed China and ranked fourth with a total registered capital of 3.067 billion USD.

 

However, in terms of capital contribution and share purchase, China and South Korea are the two countries with the highest number of capital contributions and share purchases by Vietnamese enterprises in the first nine months of 2019, respectively, 1,973 and 1,267 times of capital contribution and share purchase. Investors from these two countries also have the highest number of newly registered projects and newly registered capital into Vietnam. Korea has 819 new projects with a newly registered capital of 2 billion USD. China has 486 new projects with a total registered capital of 2 billion USD.

 

Foreign investors have invested in 19 sectors, of which the investment is focused on processing and manufacturing with a total capital of 18.09 billion USD, accounting for 69.1% of the total registered investment capital.

 

The real estate business ranked second with a total investment capital of 2.77 billion USD, accounting for 10.6% of total registered investment capital. The wholesale and retail field ranked third with a total registered investment capital of nearly 1.4 billion USD, accounting for 5.4% of total registered investment capital.

 

Foreign investment sector had a trade surplus of US $ 25.28 billion

 

Exports of the foreign-invested sector including crude oil reached 134.73 billion USD, up 5% over the same period in 2018 and accounting for 69.3% of export turnover. Export excluding crude oil was 133.21 billion USD, up 5.1% as compared to the same period in 2018 and accounting for 68.6% of export turnover.

 

Imports of the foreign-invested sector reached 109.45 billion USD, up 5.5% as compared to the same period in 2018 and accounting for 58.1% of import turnover.

 

Generally in the first 9 months of 2019, the FDI sector had a trade surplus of US $ 25.28 billion including crude oil and a trade surplus of US $ 23.76 billion excluding crude oil.

Although the domestic economic sector had a trade deficit of US $ 19.4 billion, the foreign investment deficit made up for it. Therefore, the country had a trade surplus of US $ 5.87 billion in the first 9 months of 2019.

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