FDI to VN sees increase in July

Update: 08:56 | 29/07/2020

Vietnam attracted US$3.15 billion worth of foreign direct investment (FDI) and capital for share purchases from July 1 to July 20, representing a rise of 79.8 per cent against the same period last year and 76.2 per cent against June, the latest updates of the Foreign Investment Agency showed.

Of the figure, $1.02 billion was registered to be poured into 202 new projects, up 2.8 per cent and 19.1 per cent over June and the same period last year, respectively. Some 93 existing projects increased their registered capital by a total of $992 million, more than two times higher than the same month of 2019. Foreign investors spent nearly $1.13 billion to buy stakes at 334 projects, 2.8 times higher than July 2019.

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Korea-invested ITM Semiconductor Vietnam in the Vietnam - Singapore Industrial Park, Bac Ninh Province.

From January to July 20, Vietnam attracted a total sum of $18.82 billion foreign investment, equivalent to 93.1 per cent of the same period last year. A sum worth $10.12 billion was disbursed in the seven-month period, equivalent to 95.9 per cent.

There were 1,620 new FDI projects in the period with a total registered capital of $9.46 billion, $4 billion of which was registered to flow into the Bac Lieu LNG power plan. Average registered capital per project was $5.8 million compared to $4.3 million in 2019’s same period.

About 619 projects had their registered capital increased in the period by more than $4.7 billion altogether, up 37.7 per cent. However, capital construction for share purchases dropped by around 50 per cent to $4.64 billion.

According to the Foreign Investment Agency, FDI flowed into 18 sectors in January-July, led by the manufacturing and processing industry with total registered capital of more than $8.96 billion. Power production and distribution ranked second with a total registered capital of $3.95 billion.

Vietnam saw the FDI inflow coming from 104 countries and territories from the beginning of this year. Singapore was the largest investor in the period which registered to pour $6.44 billion in Vietnam, followed by the Republic of Korea with $2.8 billion, and China with $1.7 billion. In terms of new projects, the Republic of Korea ranked first with 421 projects, China came second with 237 projects and Japan came third with 175 projects.

Foreign players invested in 59 out of 63 provinces and cities in the January-July period, with Bac Lieu Province the top destination thanks to the $4-billion LNG power project. Hanoi ranked second with $2.82 billion registered FDI and HCM City third with $2.4 billion.

As of July 20, there were 32,391 valid FDI projects in Vietnam with total registered capital of $380.6 billion, $221.8 billion was disbursed.

Vietnam set the target of attracting $35-36 billion FDI this year.

The country attracted $38.02 billion FDI last year, up 7.2 per cent against 2018 with $20.38 billion disbursed.

Bac Giang’s FDI enterprises recover after Covid-19 pandemic
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Industrial production value of Bac Giang’s FDI enterprises hit over 99 trillion VND in 6 months
(BGO) – According to the Department of Industry and Trade (DoIT) in Bac Giang province, the industrial production value (IPV) (actual) in the first six months of this year is estimated at 115 trillion VND (4.9 billion USD), up 10 percent comparing to the same period last year.         
Hanoi licenses 235 new FDI projects from January-April
Hanoi licensed 235 new foreign-invested projects with a total registered capital of VD324 million in the first four months of 2020.
Vietnam attracts US$12.33 billion worth of FDI in four months
Foreign direct investment (FDI) flows into Vietnam reached US$12.33 billion in the first four months of 2020, equivalent to 84.5% of the value recorded in the same period last year, according to the Ministry of Planning and Investment.
Vietnam attracts 8.55 billion USD of FDI in Q1
Foreign investors’ capital into Vietnam has totalled 8.55 billion USD so far this year, 21% less than the same period last year, according to the Department of Foreign Investment of the Ministry of Planning and Investment.

Source: VNS

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