HANOI, July 25 (Xinhua) -- Foreign-invested sector accounted for some 66.8 percent of Vietnam's total export revenue in the first seven months in 2014, according to Vietnam's Ministry of Planning and Investment Friday.
The ministry's Foreign Investment Agency (FIA) said on its website that during the period, the sector is expected to post some 55.83 billion U.S. dollars in export revenue (crude oil included), an increase of 15 percent compared to the same period in 2013.
During the January-July period, the sector is forecast to spend some 46.04 billion U.S. dollars on imports, up 10.3 percent year- on-year, accounting for 56 percent of the country's total import revenue.
The sector is expected to see trade surplus of around 9.78 billion U.S. dollars in seven months, said FIA.
Addressing a meeting with foreign-invested enterprises held in southern Ho Chi Minh City earlier Thursday, Tran Tuan Anh, deputy minister of Industry and Trade, said the foreign sector has contributed greatly to the country's socio-economic development, especially export turnover.
However, there has been a rapid increase in foreign sector's import revenue, from 43.5 percent in 2010 to 56 percent in the first seven months of 2014.
From January 1 to July 20, 889 new foreign-invested projects were licensed with total capital of 6.85 billion U.S. dollars, down 0.9 percent year-on-year.
Meanwhile, 300 other projects registered to add some 2.67 billion U.S. dollars in capital, down 46.3 percent year-on-year, said FIA.
In mid-May, a series of riots hit foreign companies in southern and central Vietnam, leaving five Chinese nationals dead, around 20 foreign factories burned down and some 1,100 foreign companies affected, which might have affected foreign investors' confidence.
During the period, Vietnam received investment from 46 countries and regions worldwide. South Korea topped the list with 3.13 billion U.S. dollars of newly-registered and added capital, accounting for 32.8 percent of total investment in Vietnam, followed by China's Hong Kong with 1.15 billion U.S. dollars (12.1 percent), and Japan with 1.11 billion U.S. dollars (11.7 percent).
Vietnam's northern Bac Ninh province, some 30 km north of capital Hanoi, lured the most foreign investment capital with 1.33 billion U.S. dollars, accounting for 14 percent of the country's total during the period.
Southern economic hub Ho Chi Minh City (some 1,130 km south of capital Hanoi) ranked second with 1.07 billion U.S. dollars (11.2 percent) and southern Binh Duong province (some 1,120 km south of capital Hanoi) with 1.05 billion U.S. dollars (11 percent).
Manufacturing and processing sector was the most attractive area for foreign investors during the period with 6.66 billion U.S. dollars of newly-registered and added capital, accounting for 69.9 percent of total capital during the period.
Real estate business stayed at the second place with 1.13 billion U.S. dollars (11.9 percent) and the construction sector ranked third with some 547.58 million U.S. dollars (5.7 percent), said FIA.
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